Lok Sabha Question No. 3317 (UNSTARRED), answered on 2024-12-16
Subject: Loans Disbursed to Farmers
Ministry: FINANCE
Asked by: Shri Arun Kumar Sagar

## Government of India Ministry of Finance

## Department of Financial Services

## Lok SABHA Unstarred Question No. 3317

Answered on Monday, 16 December, 2024/ 25 Agrahayana, 1946 (Saka)

## Loans Disbursed to Farmers

†3317. Shri Arun Kumar Sagar :

Will the Minister of FINANCE be pleased to state:

- (a) the details of loans disbursed by National, Private and Cooperative banks to the farmers of the country during the last three years along with the details of interest rate being charged thereon, State-wise; and
- (b) the details of the loans waived off along with the Government assistance provided to the farmers under the same?

## Answer

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

(a) to (b):  As reported by National Bank for Agriculture and Rural Development (NABARD), the  State-wise  details  of  agriculture  credit  disbursed  by  Commercial  Banks,  Co-operative Banks and Regional Rural Banks (RRBs) during the last three years is given in the Annexure.

In order to provide seamless access to affordable credit to the farmers, short-term agriculture loans upto Rs. 3 lakhs are provided by banks at 7% interest rate to them to meet their working capital requirements for purchase of agriculture inputs such as seeds, fertilizers, and pesticides and to draw cash for crop production and allied activities. Government of India under Modified Interest Subvention Scheme (MISS) also provides Prompt Repayment Incentive (PRI) of 3% to farmers for timely repayment of these loans. Therefore, the effective interest rate for farmers is 4%. The Interest rate for above Rs. 3 lakh is decided by banks on commercial basis based on Marginal Cost of Funds-Based Lending Rate (MCLR), Risk premium etc.

No farmers loan waiver scheme has been implemented by the Government of India during the last three years.

******

## Statement referred to in part (a) of Lok Sabha Un-Starred Question No. 3317 on 'Loans Disbursed to Farmers' due for answer on 16.12.2024

(In Rs. crore)

|         | SN State          | FY 2021-22       | FY 2021-22          | FY 2021-22          | FY 2022-23       | FY 2022-23          | FY 2022-23           | FY 2023-24       | FY 2023-24          | FY 2023-24           |
|---------|-------------------|------------------|---------------------|---------------------|------------------|---------------------|----------------------|------------------|---------------------|----------------------|
|         | SN State          | Commercial Banks | Co- operative Banks | Regional Rural Bank | Commercial banks | Co- operative Banks | Regional Rural Banks | Commercial Banks | Co- operative Banks | Regional Rural Banks |
| 1       | A and N ISLAND    | 299              | 11                  | -                   | 390              | 12                  | -                    | 428              | 9                   | -                    |
| 2       | ANDHRA PRADESH    | 1,57,530         | 17,496              | 31,134              | 1,85,157         | 17,223              | 36,807               | 2,41,636         | 15,564              | 43,297               |
| 3       | ARUNACHAL PRADESH | 103              | 21                  | 14                  | 624              | 2                   | 11                   | 843              | 72                  | 35                   |
| 4       | ASSAM             | 7,923            | 30                  | 1,361               | 7,015            | 57                  | 1,990                | 9,180            | 73                  | 2,311                |
| 5       | BIHAR             | 28,176           | 40,819              | 18,093              | 29,759           | 8,979               | 14,257               | 39,426           | 7,080               | 23,816               |
| 6       | CHANDIGARH UT     | 1,229            | 0.10                | -                   | 1,635            | 0.15                | -                    | 1,938            | -                   | -                    |
| 7       | CHHATTISGARH      | 15,544           | 2,940               | 841                 | 20,682           | 6,595               | 1,989                | 23,870           | 8,089               | 1,879                |
| 8       | DELHI             | 18,148           | 0.02                | -                   | 19,350           | 0.08                | -                    | 24,157           | -                   | -                    |
| 9       | DNHDD*            | 233              | -                   | -                   | 342              | -                   | -                    | 393              | -                   | -                    |
| 10      | GOA               | 1,436            | 38                  | -                   | 1,751            | 153                 | -                    | 2,397            | 31                  | -                    |
| 11      | GUJARAT           | 77,391           | 19,103              | 6,624               | 91,572           | 20,974              | 7,984                | 1,09,269         | 22,398              | 9,493                |
| 12      | HARYANA           | 44,974           | 12,408              | 9,690               | 57,955           | 12,954              | 10,896               | 64,440           | 12,741.86           | 12,214.60            |
| 13      | HIMACHAL PRADESH  | 4,895            | 2,203               | 1,427               | 6,711            | 2,621               | 1,670                | 6,910            | 2,702.71            | 2,015.07             |
| 14      | JAMMU and KASHMIR | 13,472           | 6                   | 806                 | 12,062           | 7                   | 1,083                | 11,641           | 11.90               | 970.71               |
| 15      | JHARKHAND         | 8,326            | 14                  | 1,461               | 10,454           | 17                  | 1,700                | 20,662           | 13                  | 1,435                |
| 16      | KARNATAKA         | 1,02,755         | 20,354              | 16,294              | 1,30,345         | 22,203              | 19,922               | 1,60,838         | 23,451              | 23,327               |
| 17      | KERALA            | 91,422           | 8,464               | 14,272              | 1,16,430         | 7,403               | 16,402               | 1,37,727         | 4,651               | 18,090               |
| 18      | LADAKH            | 336              | -                   | 5                   | 327              | -                   | 7                    | 344              | 0.25                | 7                    |
| 19      | LAKSHADWEEP UT    | 14               | -                   | -                   | 23               | -                   | -                    | 62               | -                   | -                    |
| 20      | MADHYA PRADESH    | 65,842           | 16,848              | 5,602               | 75,266           | 18,461              | 6,350                | 89,597           | 19,883              | 6,917                |
| 21      | MAHARASHTRA       | 98,441           | 20,298              | 3,454               | 1,19,929         | 25,382              | 5,221                | 1,37,124         | 26,070              | 5,353                |
| 22      | MANIPUR           | 366              | 12                  | 21                  | 577              | 24                  | 45                   | 601              | 14                  | 34                   |
| 23      | MEGHALAYA         | 198              | 21                  | 53                  | 299              | 35                  | 70                   | 345              | 50                  | 84                   |
| 24      | MIZORAM           | 77               | 12                  | 212                 | 110              | 14                  | 185                  | 142              | 20                  | 265                  |
| 25      | NAGALAND          | 241              | 33                  | 7                   | 295              | 39                  | 6                    | 366              | 37                  | 8                    |
| 26      | ODISHA            | 23,766           | 16,104              | 2,108               | 28,154           | 16,728              | 2,867                | 38,119           | 18,651              | 3,595                |
| 27      | PUDUCHERRY        | 3,489            | 2                   | 895                 | 4,440            | 1                   | 1,132                | 5,687            | 1                   | 1,377                |
| 28      | PUNJAB            | 56,971           | 10,668              | 6,799               | 72,937           | 10,743              | 7,119                | 75,221           | 10,475.31           | 9,991.03             |
| 29      | RAJASTHAN         | 82,809           | 18,532              | 17,816              | 99,340           | 20,102              | 22,171               | 1,08,462         | 22,722.15           | 22,408.58            |
| 30      | SIKKIM            | 214              | 6                   | -                   | 325              | 16                  | -                    | 392              | 13                  | -                    |
| 31      | TAMILNADU         | 2,94,535         | 14,030              | 16,908              | 3,34,295         | 20,932              | 20,520               | 4,06,309         | 19,977              | 26,098               |
| 32      | TELANGANA         | 69,402           | 7,837               | 11,344              | 85,968           | 8,252               | 15,578               | 1,17,697         | 8,179               | 13,827               |
| 33      | TRIPURA           | 2,672            | 28                  | 460                 | 965              | 124                 | 580                  | 1,201            | 831                 | 143                  |
| 34      | UTTAR PRADESH     | 84,212           | 7,804               | 30,152              | 1,04,708         | 8,901               | 37,843               | 1,15,783         | 10,711              | 44,896               |
| 35      | UTTARAKHAND       | 7,494            | 1,656               | 234                 | 9,134            | 1,815               | 294                  | 10,486           | 1,768               | 420                  |
| 36 WEST | BENGAL            | 51,035           | 5,421               | 6,094               | 47,203           | 5,580               | 7,586                | 60,054           | 5,717               | 8,571                |

Source :NABARD