Budget 2018: Agri-credit likely to increase to Rs 11 trn for better flow 

Budget 2018
The ranch credit target is probably going to be raised by an astounding Rs 1 trillion (Rs 1 lakh crore) to a record Rs 11 trillion (Rs 11 lakh crore) in the Budget 2018-19 to enhance credit stream in the horticulture division, as indicated by sources.
In the current money related year, the administration has kept a credit focus of Rs 10 trillion (Rs 10 lakh crore). Of which, Rs 6.25 trillion (Rs 6.25 lakh crore) has just been dispensed in the initial a half year till September 2017, the administration information appeared.
"The administration's need is agribusiness. There is a plausibility that the credit disbursal focus for the agribusiness segment will additionally be expanded to Rs 11 trillion (Rs 11 lakh crore) for the following money related year," sources said.
Likewise READ: Budget 2018: Increase charge exclusion farthest point to Rs 300,000, says SBI report
Since credit is a basic contribution to accomplishing higher ranch yield, the institutional credit will help delink agriculturists from non-institutional wellsprings of credit where they are constrained to obtain at usurious rates of intrigue, they said.

Click Here To know More – Budget 2018

Comments

Post a Comment

Popular posts from this blog

Raj Thackeray calls for 'Modi-mukt Bharat' 

Image
Maharashtra Navnirman Sena (MNS) chief Raj Thackeray on Sunday called for a 'Modi-mukt Bharat. Addressing a rally on the occasion of Gudi Padwa in Mumbai's Shivaji Park, Thackeray said, 'Today, we have to gear up for the third independence. All the political parties must unite to make Modi-mukt Bharat a reality. In an hour-long speech, the MNS chief also warned about attempts by certain elements to spark nation-wide riots in future. Voices of a "united opposition" gained even more momentum after the Bharatiya Janata Party's (BJP) lost two crucial seats in the Uttar Pradesh by-polls. According to the experts, joining forces is the only way to dethrone the Modi-led government in 2019 Lok Sabha elections. Click Here To know More – Raj Thackeray
Read more

Govt mulls allowing airlines with negative net worth to bid for Air India

Image
The government is likely to relax the eligibility criteria for Air India disinvestment by allowing airlines with negative net worth to bid. However, non-airline companies may be told to satisfy minimum net worth conditions to prove their financial strength. The evaluation committee of Air India, after discussions with the Ministry of Civil Aviation, had suggested that all bidders be mandated to fulfil a minimum net worth criterion, a source said. However, when the Core Group of Secretaries on Disinvestment (CGD) met over the last two weeks to finalise the bidding norms, some members pointed out that setting high net worth as an eligibility condition would block the prospects of many airline companies. In fact, the difference in opinion between the two government bodies has led to a delay in the announcement of the expression of interest. The core group has now suggested that a company with a proven track record of running a successful airline be allowed to b...
Read more

Putin wins 75 per cent of vote: partial results 

Image
Vladimir Putin has been re-elected as Russian president with 75 per cent of the vote after half the votes were counted, partial results showed today. Putin's nearest competitor, Communist Party candidate Pavel Grudinin, was on 13.2 per cent, according to data from the central election commission. (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Clik Here To know More –Russia
Read more