abhishreshthaa
Abhijeet S
:- At the time of bank nationalization, it was clearly conceded that the commercial banks did not have the necessary experience or the personnel to deal with the farmers directly. While the co-operative had been specializing in rural credit since the beginning of the century.
Even then the nationalized banks were expected to go vigorously in the support of the farmers in general and the small cultivators in particular.
In the initial stages, for obvious reasons the nationalized banks concentrated their attention on large cultivators and other special category farmers such as those engaged in raising high-yielding varieties of food-grains. At present short term crop loans accounted for nearly 40 to 45% of the total loans disbursed by the commercial banks to the farmers.
Term loans for varying periods for purchasing pump-sets, tractors and other agricultural machinery, for construction of wells and tube-wells, for the development of fruit and garden crops, or leveling and development of land, etc. are provided.
These term loans accounted for about 35 to 37% of the total loans disbursed by commercial banks. Finally, commercial banks extend loans for such activities such as dairying, poultry farming, piggery, bee keeping, fisheries and others— these loansaccount for 15 to16%.
Region wise, southern region accounts for the bulk of credit disbursed by commercial banks viz. 52% of the total credit extended.
Even then the nationalized banks were expected to go vigorously in the support of the farmers in general and the small cultivators in particular.
In the initial stages, for obvious reasons the nationalized banks concentrated their attention on large cultivators and other special category farmers such as those engaged in raising high-yielding varieties of food-grains. At present short term crop loans accounted for nearly 40 to 45% of the total loans disbursed by the commercial banks to the farmers.
Term loans for varying periods for purchasing pump-sets, tractors and other agricultural machinery, for construction of wells and tube-wells, for the development of fruit and garden crops, or leveling and development of land, etc. are provided.
These term loans accounted for about 35 to 37% of the total loans disbursed by commercial banks. Finally, commercial banks extend loans for such activities such as dairying, poultry farming, piggery, bee keeping, fisheries and others— these loansaccount for 15 to16%.
Region wise, southern region accounts for the bulk of credit disbursed by commercial banks viz. 52% of the total credit extended.