THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a) to (f): The Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS),
2008 has de-clogged the lines of credit that were clogged due to the debt
burden on the farmers.
The details of agriculture credit flow and number of loan accounts financed
during the year 2008-09, 2009-10 and 2010-11 are as under:
Year Agriculture Total No. of No. of Small % loan a/c credit flow farm loan a/cs Farmers/Marginal s of S.F/M.F. (Rs. in crore) financed (in lakh) Farmers (S.F/M.F)
2008-09 3,01,682 456.10 245.35 53.80
2009-10 3,84,514 482.30 284.73 59.04
2010-11 4,68,177 549.60 334 67 60.89
The percentage of SF/MF loan accounts financed has increased from around 54%
in 2008-09 to 61% in 2010-11. It would be seen that there has been a steady
increase in the number of crop loan accounts. A target of disbursal of
Rs. 5,75,000 crore as agricultural credit in 2012-13 has been fixed. The
Government of India has taken several measures for the availability of
credit to farmers through banks. These include:
(i) The Interest Subvention Scheme is being implemented by the Government
of India since 2006-07 to make short-term crop loans upto Rs. 3 lakh for a
period of one year available to farmers at the interest rate of 7 percent
per annum. The Government of India has since 2009-10 been providing additional
interest subvention to prompt payees farmers, i.e., those who repay their
loan in time. The additional subvention was 1% in 2009-10 and 2% in 2010-11
and 3% in 2011-12.
(ii) Banks have been advised to dispense with the requirement of `no dues`
certificates for small loans up to Rs.50,000 to small and marginal farmers,
share-croppers and the like and instead obtain a self-declaration from the
borrower, (iii) RBI has advised banks to waive margin/security requirements
for agricultural loans upto Rs 1,00,000.
