Agricultural Credit: Funds to Boost Agriculture not Reaching Small Farmers
The government promises to provide them with various provisions like the agriculture credit to purchase seeds and fertilizers as they need to implant the seeds before monsoon. As the seeds and fertilizers are expensive small farmers cannot afford to buy them and seek for financial support. So the question that arises is where does all the promised support disappear?
According to the research commissioned by the National Bank for Agriculture and Rural Development (NABARD) it was noticed that the loans outstanding to the agriculture sector stood at 3,00,000 crore between April 2009 and January 2010. The agriculture shot up to 8, 00,000 crore at the end of March but it dropped again to 3, 00,000 in April.