Lok Sabha Question No. 3762 (UNSTARRED), answered on 2026-03-16
Subject: Financial Stress on Farmers
Ministry: FINANCE
Asked by: Mrs Ruchi Vira

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION NO. 3762

ANWERED ON MONDAY, MARCH 16, 2026/ PHALGUNA 25, 1947 (SAKA)

## Financial Stress on Farmers

## † 3762. MRS RUCHI VIRA:

Will the Minister of FINANCE be pleased to state:

(a) whether the Government has made any comprehensive assessment of the increasing financial pressure on farmers, small traders, artisans and low-income families in Moradabad district, Uttar Pradesh, particularly in Bilari, Kundarki, Thakurdwara and rural conjoint areas, where livelihoods are being affected by the combined effect of limited access to institutional credit, rising agricultural and production costs, delay in subsidy transfer, inadequate crop insurance coverage and inflation;

(b) if so, the details of measures taken by the Government in the district in terms of credit expansion,  interest  subvention  schemes,  status  of  direct  benefit  transfer,  insurance  claims settlement mechanism and financial inclusion initiatives and the data indicating the timelines and effectiveness of these measures; and

(c) if not, the reasons therefor?

## ANSWER

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

(a) Due to the constant efforts of the Government, the monthly income and institutional credit of  rural/agricultural  households  have  substantively  increased.  The  second  All-India  Rural Financial Inclusion Survey (NAFIS 2021-22 published in 2024) conducted by NABARD for the  reference  Agricultural  Year  2021-2022,  across  28  states  including  the  state  of  Uttar Pradesh  and  02  UTs  (J&K  &  Ladakh),  has  identified  the  following  key  points  regarding improvement in income stability and credit access by farmers through formal sources:

- i. Income - Average monthly income of rural households of the country increased by 57.6% during the five-year period from ₹8,059 in 2016-17 to ₹12,698 in 2021-22.
- ii. Credit  Access  -  75%  of  Agricultural  households  of  the  country  availed  loans  from institutional sources in 2021-22 which was 60.50% in 2016-17.

(b) and (c) The Government has taken various steps for credit expansion through its various financial inclusion  schemes  viz.,  Pradhan    Mantri  MUDRA  Yojana  (PMMY),  PM Vishwakarma, PM SVANidhi Scheme, Stand-Up India Scheme etc. in the Moradabad district of  Uttar  Pradesh.  The  details  of  loans  sanctioned/disbursed  under  the  above-mentioned schemes are provided at Annexure.

Apart from the above, as reported by SLBC, Uttar Pradesh and NABARD, following measures have also been taken to strengthen the financial condition of the farmers, small traders, artisans and low-income families of Moradabad districts of Uttar Pradesh:

- The  Annual  Credit  Plan  (ACP)  of  banks  allocates  credit  to  the  Priority  sectors (agriculture, housing education, etc.), including farmers, artisans, low-income families. Upto 31 December 2025, a total amount of Rs 15,488 crore has been disbursed under ACP.
- Through Kisan Credit Card (KCC) timely and affordable credit has been provided to the farmers for purchasing agricultural inputs as well as for meeting cash requirements related to crop production and allied activities. As reported by State Level Bankers' Committee (SLBC), Uttar Pradesh, the total number of Operative KCC Accounts as on 31.12.2025 was 1,25,927 and the total amount outstanding thereon was Rs 2,245.75 crore.
- 13,727 farmers with a total area of 5,381 hectare were covered under crop insurance in Kharif and Rabi 2025-26.
- Till  December  2025,  12  projects  with  a  total  outlay  of  Rs.  167.64  lakh  have  been sanctioned under Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme.
- As  on  11.03.2026,  11  new  Multipurpose  Primary  Agricultural  Credit  Societies (MPACS) have been formed for facilitating timely credit and other needs of farmers, along with promoting financial inclusion.

*****

Annexure referred to in part (b) and (c) of Lok Sabha Un-Starred Question no. 3762 on 'Financial Stress on Farmers' answered on 16.03.2026

Details of loans sanctioned/disbursed in the State of Uttar Pradesh and Moradabad district under various financial inclusion schemes

## Pradhan Mantri Mudra Yojana

(No. of accounts in actual and amount in Rs. Crore)

|                | Uttar Pradesh   | Uttar Pradesh     | Moradabad   | Moradabad         |
|----------------|-----------------|-------------------|-------------|-------------------|
| Financial Year | A/Cs            | Sanctioned Amount | A/Cs        | Sanctioned Amount |
| 2023-24        | 76,79,518       | 59,506.73         | 1,04,050    | 879.33            |
| 2024-25        | 59,24,230       | 58,837.78         | 87,928      | 875.05            |
| 2025-26*       | 47,37,733       | 58,866.70         | 83,090      | 956.38            |

Source: As per data uploaded by Member Lending Institutions on Mudra portal

*: Data as of 27.02.2026

## PM Vishwakarma

(No. of accounts in actual and amount in Rs. Crore)

|                | Uttar Pradesh   | Uttar Pradesh     | Moradabad   | Moradabad         |
|----------------|-----------------|-------------------|-------------|-------------------|
| Financial Year | A/Cs            | Sanctioned Amount | A/Cs        | Sanctioned Amount |
| 2024-25        | 9,544           | 86.96             | 51          | 0.42              |
| 2025-26*       | 6,059           | 51.81             | 68          | 0.52              |

Source: PM Vishwakarma Portal; *: As on 11.03.2026

## PM SVANidhi Scheme

(No. of accounts in actual and amount in Rs. Crore)

|                | Uttar Pradesh   | Uttar Pradesh     | Moradabad   | Moradabad         |
|----------------|-----------------|-------------------|-------------|-------------------|
| Financial Year | A/Cs            | Sanctioned Amount | A/Cs        | Sanctioned Amount |
| 2023-24        | 6,89,649        | 1125.91           | 18,142      | 30.48             |
| 2024-25        | 1,53,627        | 329.29            | 3,749       | 8.29              |
| 2025-26*       | 1,99,776        | 474.97            | 2,994       | 7.87              |

Source:

Ministry of Housing and Urban Affairs; *: As on 10.03.2026

## Stand Up India Scheme

(No. of accounts in actual and amount in Rs. Crore)

|                | Uttar Pradesh   | Uttar Pradesh     | Moradabad   | Moradabad         |
|----------------|-----------------|-------------------|-------------|-------------------|
| Financial Year | A/Cs            | Sanctioned Amount | A/Cs        | Sanctioned Amount |
| 2022-23        | 2,835           | 592.9             | 49          | 9.53              |
| 2023-24        | 4,019           | 875.25            | 77          | 15.2              |
| 2024-25        | 4,876           | 1076.10           | 100         | 22                |

Scheme was valid/operational till 31 st  March 2025

Source: SIDBI