Final yr, the federal government disbursed Rs 15,062 crore in crop loans to 17.37 lakh farmers and Rs 2,645 crore in livestock improvement loans to 4.43 lakh beneficiaries.
Owing to the efforts of Chief Minister M Okay Stalin, crop loans at the moment are sanctioned on the identical day farmers submit their purposes on-line, a authorities launch mentioned.
“This exemplary immediate crop mortgage scheme ensures credit score by way of Main Agricultural Cooperative Societies (PACS) on the very day farmers apply on-line,” it mentioned.
The chief minister had launched the moment crop mortgage scheme by way of PACS on a pilot foundation in Dharmapuri on August 17.
He had additionally introduced that the initiative to streamline mortgage purposes could be rolled out throughout the state.”Farmers now not want to go to PACS in individual to acquire crop loans. They'll apply on-line and obtain the mortgage quantity on the identical day by way of e-service centres,” the discharge added.
A most of Rs 5 lakh is supplied to every farmer.
