‘Bankers need to make agriculture their priority’, CM Fadnavis approves Rs 4.24 lakh crore annual credit plan

“Agriculture is most important aspect of our economy and contributor in GDP. Bankers need to make agriculture their priority and percolate it till ground level”, said Maharashtra CM Devendra Fadnavis approving Rs 4.24 lakh crore annual credit plan on Wednesday.

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“Crop loans are to save our farmers from private borrowing. We need to understand socio-economical aspect”, he added at the 143rd State Level Bankers’ Committee (SLBC) meeting, which was attended by state ministers Chandrakant Patil, Deepak Kesarkar, senior central and state officials, RBI officials and bankers.

A statement from the Chief Minister’s Office further informed that Fadnavis approved the annual credit plan of Rs 4,24,029 crore for the year 2019-20, which includes annual credit plan for agriculture of Rs 87,322 crore. He appealed to all the banks to achieve this target and give maximum loans to farmers.

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“This mechanism is aimed at bringing our farmers into the institutional credit system and empowering them though financial inclusion. This forum is not commercial,” he said. Under the Pradhan Mantri Jan Dhan Yojana, total 2.49 crore accounts were opened in Maharashtra till March 31, 2019, of which 1.22 crore accounts are from rural areas, the statement said.

Around 11.22 lakh subscribers registered themselves under the Atal Pension Yojana, about 40.22 lakh under Pradhan Mantri Jeevan Jyoti Bima Yojana and 97 lakh under Pradhan Mantri Suraksha Beema Yojana, it added.


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