September 26, 2011 7:00 PM

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Farm loan disbursal to exceed target; touch Rs 5.20 lakh cr: NABARD

National Bank for Agriculture and Rural Development, NABARD, said on Monday that farm loan disbursal is expected to touch 5.20 lakh crore rupees against the target of 4.75 lakh crore rupees in this fiscal in view of good monsoon.Nabard Chairman Prakash Bakshi said in New Delhi that based on the data available for the first four months, it is expected that the farm loans will rise and cross the target. He said, the agriculture credit disbursal had increased to over 4.26 lakh crore rupees in the last fiscal against the target of 3.75 lakh crore rupees. Since 2006-07, the government is providing interest subvention to banks for short-term crop loans.

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