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Farm credit to get fillip: Nabard window wider, Kisan credit cards to 2.5 crore more.
May 15, 2020

The Centre has enhanced Nabard’s refinancing facility for the co-operative banks and regional rural banks (RRBs) by Rs 30,000 crore to about Rs 1.2 lakh crore in FY21. The move is expected to help as many as 3 crore additional small and marginal farmers having less than two-hectare land. The enhanced credit facility will help farmers to cover post-harvest expenses.
 
This is since the farmers are in the process of selling their rabi crops, and also to meet the sowing requirement for ensuing kharif season.
 
'This is a very timely step as these cooperatives and RRBs will be able to disburse credit as they were facing challenges to augment resources after moratorium on loan re-payment was announced. Small and marginal farmers mainly depend on these institutions as the average loan amount is smaller than public sector banks,' said Harsh Kumar Bhanwala, chairman of Nabard.
    

Financial Express

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