(a) the total amount of Corporate Loan and Agricultural Loan written off by the Government during the last three years, State/UT-wise;
(b) whether the Government is proposing to give concession for the Corporate Sector and Agriculture Sector in near future; and
(c) if so, the details thereof?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(a) Available data on reduction in non-performing assets (NPAs) due to write-off (including compromise) in Agriculture and Allied activities and in Industry, as reported by Public Sector Banks to the Reserve Bank of India (RBI) during financial years 2016-17 and 2017-18 (till 30.9.2017) are at Annexure. State-wise data is not centrally maintained.
(b) and (c): With a view to ensuring availability of agriculture credit, including loans taken against Kisan Credit Card (KCC), at a reasonable cost or at a reduced rate of 7% per annum to farmers, Government of India, had introduced an interest subvention scheme (2%) for short-term crop loans up to Rs. 3 lakh. 3% additional incentive is given for prompt repayment of loan reducing the cost to 4%. While earlier this subvention was available for a maximum period of one year, in order to discourage distress sale of crops by farmers, the benefit of interest subvention has been made available to small and marginal farmers having KCC for a further period of up to six months (post-harvest) at the same rate as available to crop loan against negotiable warehouse receipts issued on the produce stored in warehouses accredited with the Warehousing Development Regulatory Authority. Loans restructured on account of natural calamities are also available for the first year at the subvented rate of 7%.
National Bank for Agriculture and Rural Development (NABARD) raised market borrowing for short-term borrowings at prevailing market rate of interest for Rs. 17,881 crore and disbursed the same under refinance for on-lending to Cooperative Banks at 4.5% rate of interest during 2016-17.
**********