The priority given to agriculture, education, social welfare and infrastructure sectors is a good sign.
The target for farm credit is being raised to Rs 3.75 lakh crore in 2010-11 from Rs 3.25 lakh crore in the current year. The period for loan repayment under the debt waiver and debt relief scheme has been extended to June 30, 2010. The interest subvention for timely repayment of crop loans is being raised from one to two per cent. Thus, the effective rate of interest for crop loans for farmers who repay their loan as per schedule will now be five per cent per year. Infrastructure outlay is the other welcome announcement.
We thank the finance minister for sanctioning a grant of Rs 200 crore for the installation of Zero Liquid Discharge in the textile town of Tirupur.
