Different financial institutions keep coming up to provide loans to farmers. In this series, loans will be provided to the farmers of the entire country for the cultivation of Kharif crops by the National Bank for Agriculture and Rural Development. NABARD has sanctioned a large fund of Rs 5000 crores for this loan.
This loan of 5000 thousand crore rupees will be provided to farmers across the country through Cooperative Bank, Grameen Bank, Micro Financing Institution, and NBFC. Significantly, NABARD has recently celebrated its 59th anniversary. Chief General Manager of the institute Subrata Mandal said these things at a function organized on this occasion.
Subrata Mandal said that “the lockdown has been prohibited on a collection of installments from borrowers for six months. This will provide relief to the farmers. In order to ensure that the farmers do not have cash for farming in the Kharif season, NABARD has 5000 thousand crores has been sanctioned. This amount will be disbursed through various financial institutions in the form of loans to farmers across the country.
Source: Krishi Jagran
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