The Hindu Business Line : Co-op banks grant Rs 86 cr as farm loans

Co-operative banks have extended farm loans to the tune of Rs 86.69 crore to over 47,600 farmers of the composite Perambalur district in the last couple of years.

After the State Government’s decision to waive pending farm loans, the co-operative banks sanctioned short-term loans of Rs 79.31 crore to 41,028 farmers and Rs 7.38 crore as medium-term loans to 6,633 farmers. Under the micro credit scheme, 1,276 women were sanctioned Rs 25.30 lakh and 522 men received Rs 15.90 lakh, a press release of the District Collector, Mr Anil Meshram, issued here on Tuesday said.

The banks have extended Rs 6.30 crore as loans to 1,162 women’s self-help groups and also jewel loans to the tune of Rs 367.36 crore.

A couple of primary agricultural co-operative banks, which were closed in the district, were revived in the recent past and they provided Rs 16.24 lakh as loans to farmers.

It has been planned to sanction farm loans to the tune of Rs 41 crore during the current year in the district, the release added.

More Stories on : Co-operatives | Farm credit | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
The unfolding economic downturn in US

Technical Analysis: Rupee nears the 44 mark

Mahindra Finance to fuel rural ride of GM, Hyundai

PNB opens 131st Kerala branch

‘Interest rates hinge on inflation’

More repo rate hikes likely, says Economist Intelligence Unit

Inflation or terms of trade adjustment?

Arcil forays into retail NPA business

SBI offers loans for heart patients

Bank of India hikes deposit rates

ICICI Bank, US Exim Bank tie up

Clean business is good business: Kidwai

Affordability key challenge in serving the rural populace: Kamath

Co-op banks grant Rs 86 cr as farm loans