Farmers in the State have taken loan worth Rs1,316.47 crore from Primary Agricultural Cooperative Credit Societies affiliated to District Cooperative Central Banks up to July 8 this year, which is about Rs381 crore more than that of the corresponding period last year.
According to Government sources, this encouraging result could be seen in the villages of the State, because of the continuous decrease in the interest rate on the short-term loan being given to the farmers.
The officers of Chhattisgarh State Cooperative Bank said that it was the second consecutive year the State government has been giving loan facility to farmers at 1 per cent interest, in accordance with the declaration of chief minister Dr Raman Singh.
The Government has set a target to give short-term loan Rs3,000 crore at the minimum rate of interest this year, out of which Rs2,300 crore would be given during the current Kharif season and the remaining Rs700 crore during the Rabi season.