The government of Chhattisgarh has so far disbursed short-term agriculture loans worth Rs 2,089 crore to 9.12 lakh farmers till early this month during the current crop season. 50% of the loans have been given in the form of materials and the remaining 50% in cash. The task of disbursement of loans to the farmers is been carried out through Primary Agriculture Credit Cooperative Societies affiliated to District Co-operative Central Banks.
The Chief Minister of Chhattisgarh state Raman Singh had made a declaration in the budget that interest-free loans are being given to farmers for cultivation of Kharif and Rabi crops during the current financial year. The target is to disburse Rs 2,450 crore during the present Kharif season, of which so far 85.28% target has been achieved.
Last year, a target had been set to distribute Rs 2,300 crore loans during the Kharif season at a rate of 1% interest and during that period loans amounting Rs 1,811 crore were distributed.