date:Jul 21, 2014
ter added.
The share of long term investment credit in agriculture is going down as compared to short term crop loan. This is severely hampering the asset creation in agriculture and allied activities.
In order to give a boost to long term investment credit in agriculture, the finance minister proposed to set up long term rural credit fund in NABARD for the purpose of providing refinance support to Cooperative Banks and Regional Rural Banks with an initial corpus of $836 million.
To ensure in