date:Jul 21, 2014
In order to promote growth in agriculture sector, India has increased its farm credit during 2014-15 financial year.
Indian finance minister, Arun Jaitley while presenting his budget on July 10, 2014 said that banks are providing strong credit support to the agriculture sector for which a target of $133 billion has been set for agriculture credit during 2014-15.
Under the interest subvention scheme for short term crop loans, the banks are extending loans to farmers at a concessional rate of 7