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Tamilnadu - outstanding farm loans
August 12 , 2023
472 days
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- Tamil Nadu finishes on top in having the highest amount of outstanding farm loans.
- As on June 30 this year, the figure of outstanding farm loans was Rs. 3.47 lakh crore,
- It is accounting for about 16.5% of the total.
- There were 2.79 crore accounts in the state of Tamilnadu.
- It was again the highest in the country.
- The subject of agricultural loans is quoted by the National Bank for Agriculture and Rural Development (NABARD).
- It covers short term loans for agriculture (crop production up to 18 months), medium term loans (more than 18 months up to 5 years) such as dairy or tractor loans and long-term loans (beyond 5 years) such as horticulture.
- Of the total figure for the State, commercial banks constituted the dominant share with nearly ₹3.15 lakh crore; regional rural banks (RRBs) - ₹19,129 crore and cooperative institutions - ₹13,348 crore.
- Andhra Pradesh came next with about ₹2.43 lakh crore of the outstanding agricultural loans.
- Karnataka was in the third slot.
- Uttar Pradesh, Maharashtra and Rajasthan were in the fourth, fifth and sixth slots respectively.
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