Agricultural Credit

Agricultural credit is the financial support provided to farmers for their various farming activities, including crop production, livestock rearing, and investment in farm infrastructure. It is critical for enhancing agricultural productivity, adopting modern technologies, and ensuring the financial stability of farmers. Institutional credit aims to reduce reliance on informal, high-cost sources like moneylenders.

Recent Developments

  • The ground-level credit disbursement in agriculture significantly increased to Rs. 25.48 lakh crore in FY 2023-24 (target was Rs. 21 lakh crore), a 349% rise from FY 2013-14.
  • For FY 2024-25, the government has set an ambitious ground-level credit target of Rs. 27.5 lakh crore, ....
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Indian Economy & Socio-economic Development