(a) whether the Government proposes to increase the existing agricultural loan target during the next financial year 2019- 2020;
(b) if so, the likely amount of the said target for agriculture loan during the next financial year 2019-2020 along with the extent to which the persons availing the said loan are likely to be benefitted; and
(c) if not, the reasons therefor?
MINISTER OF STATE IN THE MINISTRY OF AGRICULTURE AND FARMERS WELFARE
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(a) to (c): The Government with a view to enhance the production and productivity in agriculture sector, announces Agriculture Credit Flow Targets every year and these targets have consistently been surpassed by the Banks. The details of Agriculture Credit Flow Targets and achievement along with number of accounts thereon during the last 3 years (2015-16 to 2017-18) is given as under:-
(Amount in Rs. Crore and accounts in lakh)
Year Target Achievement No. of Accounts
2015-16 8,50,000 9,15,510 899.06
2016-17 9,00,000 10,65,755 1070.68
2017-18 10,00,000 11,68,503* 1139.13
* Provisional
# Data Source : Data submitted by Banks in ENSURE portal of NABARD in respect of Cooperative and Regional Rural Banks and data furnished by Banks through mail in respect of Commercial Banks.
The Agriculture Credit Flow Target for 2018-19 has been fixed at Rs, 11,00,000 crore and against this target, as reported by NABARD, the disbursement by Banks till September, 2018 is Rs. 6,45,205 crore.
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