 "Devendra Fadnavis")
Maharashtra Chief Minister Devendra Fadnavis has mooted an idea to impose penalty on banks for failing to meet lending targets of farm loans, especially crop loans, in the state that is reeling from agriculture distress.
He rubbished claims by banks that they could not meet crop-loan targets due to draught conditions. “There are widespread complaints from farmers about problems in getting money (loans),” Fadnavis said while addressing State Level Bankers’ Committee (SLBC), Maharashtra.
The crop-loan target for FY19 was Rs 58,324 crore for Maharashtra, but actual disbursements were at Rs 31,231 crore. So the lenders met 54 per cent of crop-loan target
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