Farm loan disbursement grows steadily

Create ways for agriculture to boost the economy

Published : 14 Jan 2021 07:50 PM

The country has always been an agrarian one and thus the agriculture sector is something that should be focused upon and also proper development must be made. In that continuation despite the Covid-19 pandemic farm loan disbursement has maintained a steady rise as it grew by 15.74 per cent during the July-October period of the current fiscal. This augurs well because in these testing times the government has been able to take proactive steps to keep farm production unhurt.

According to a report published in this daily, the disbursement of loan for the cottage, micro, small and medium enterprise sector increased by 65.03 per cent as the government relaxed classification and provisioning rules for these businesses. As a result of the loan disbursed the agricultural credit has increased by 30.25 per cent.

There will be better days for the agriculture 

sector in future with greater amounts of the 

loan being  disbursed

The report also shares that the demand for the agrarian loan will increase further with the coronavirus vaccine in the offing. We hope that there will be better days for the agriculture sector in future with greater amounts of the loan being disbursed. Also, there should be ample scope for development in the sector, not only via machinery but also via establishing ways of exporting the produced goods abroad.

If this is the case then it can be hoped that in the next year a bigger target will be set for loan disbursement. Above all, we hope that the government focuses on the development of the agricultural sector. With bigger amounts of loan being disbursed it will be beneficial for not only the farmers but also be able to boost the economy as well.