Ask banks to fast-track crop loan disbursal: Maharashtra CM to Centre
Devendra Fadnavis
'All guardian ministers have been instructed to keep a watch on the process of distribution of crop loans. However, the response from nationalised and private banks is not as expected. Banks are distributing loans at a slow pace despite the arrival of rains,' Fadnavis stated in the letter
Maharashtra chief minister on Saturday wrote a letter to the Finance Minister Piyush Goyal, demanding that all banks in the state be directed to expedite the process of disbursing crop loans to farmers.
His letter said that slow distribution of loans would harm farmers during the peak time for Kharif crops and added that the banks should be directed to disburse most of the loans by June-end.
"All guardian ministers have been instructed to keep a watch on the process of distribution of crop loans. However, the response from nationalised and private banks is not as expected. Banks are distributing loans at a slow pace despite the arrival of rains," Fadnavis stated in the letter.
"The state government has implemented the historic loan waiver scheme, due to which, a large number of farmers have become eligible for fresh loans," he stated.