Lending of credit to farmers has consistently increased since 2019-20
The farm credit target for the 2023-24 fiscal exceeded by a quarter with the disbursement of agricultural credit consistently rising over the past five years. It was just 3 per cent more than the target during 2019-20. However, banks have kept the crop loan within about 60 per cent of the total farm credit. A major component of croal loan is entitled for interest subsidy and it often becomes a political issue due to promise of debt waiver.