Distribution of short-term interest-free loan for Rabi crop has commenced in Chhattisgarh and presently, farmers of five districts in Durg Revenue Division namely Durg, Balod, Bemetara, Rajnandgaon and Kabeerdham, have availed loan facility.
Chairman of Chhattisgarh State Cooperative Bank Ashok Bajaj informed that nearly Rs18.95 crore have been distributed as loans to farmers of these districts from October 1 to October 26.
Bajaj informed that Rs650 crores has to be distributed as agricultural loans to farmers in Rabi Season 2015-16. But till October 26, farmers of only Durg division have availed the facility of short-term loan for rabi crops.
Bajaj further told that farmers of Durg district have taken Rs4.96 cr as loans, while in Balod farmers have taken loans of Rs2.29 cr, farmers of Bemetara district have availed loans worth Rs10.91, farmers of Rajnandgaon have availed loans worth Rs58 lakh, and farmers of Kabeerdham district taken loans worth Rs19 lakh from cooperative societies.
Bajaj informed that loan distribution goes on from October 1 to March 31. He further informed that in kharif season 2015-16, nearly nine lakh farmers were provided loans worth Rstwo thousand 391 crore.