(a) whether the Government has issued directions to the banks to provide loans to the farmers
at subsidised rate of interest so as to prevent distress sale of foodgrains in the country;
(b) if so, the details thereof, State-wise including Uttar Pradesh and the achievements thereof
aiongwith the number of farmers likely to be benefited from such loans ; and
(c) the time by which such loans are likely to be provided to the farmers?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a) to (c) : 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. This has
been increased to 3% in 2011-12.
Further, Interest Subvention Scheme 2011-12 also provides benefit to small and
marginal farmers having Kisan Credit Card for a further period of up to six
months post harvest on the same rate as available to crop loan against negotiable
warehouse receipt for keeping their produce in warehouses. The State-wise details
of the crop loan disbursed by Regional Rural Banks (RRBs) and Cooperative banks
in 2011-12 as on 31.12.2011, in the current year is enclosed at Annex.