Institutional credit disbursement to agriculture sector during 2010-11 registered a big rise. As against the target of Rs. 3,75,000 crore for agriculture credit in 2010-11, the banking system disbursed Rs.4,26,531 crore to the agriculture sector, thereby exceeding the target by around 13.7 per cent. As per the data released by the Ministry of Agriculture, out of the total disbursed credit of Rs. 4,26,531 crore, Commercial Banks, Cooperative Banks and Regional Rural Banks contributed Rs. 3,14,182 crore, Rs. 69,076 crore and Rs. 43,273 crore respectively. Thus during 2010-11, the share of Commercial Banks, Cooperative Banks and Regional Rural Banks in total disbursed credit stood at 73.7 per cent, 16.2 per cent and 10.1 per cent respectively.
During 2009-10, as against the target of Rs. 3,25,000 crore for agriculture credit, the banking system disbursed Rs. 3,84,514 crore to the agriculture sector, thereby exceeding the target by about 18 per cent. For the financial year 2011-12, the target of disbursing agriculture credit to farmers in Rs. 4,75,000 crore. It is worthnoting that government is providing concessional crop loans to farmers from the year 2006-07. The farmers who repay loans well in time get concession on their crop loans. In 2009—10, this concession was 1% which was raised to 2% in 2010- 11. For 2011-12, it now stands at 3%.
| Flow of Institutional Credit to Agriculture Sector (in Rs. crore) | ||||
| Agency | 2009-10 | 2010-11 | ||
| Target | Actual Credit Disbursement | Target | Actual Credit Disbursement | |
| Commercial Banks | 2,50,000 | 2,85,000 | 2,80,000 | 3,14,182 |
| Cooperative Banks | 45,000 | 63,497 | 55,000 | 69,076 |
| Regional Rural Banks | 30,000 | 35,217 | 40,000 | 43,273 |
| Total | 3,25,000 | 3,84,514 | 3,75,000 | 4,26,531 |
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