Sowing for this year’s kharif season is already in progress, but banks in Maharashtra have achieved only 30% of the target of kharif crop loan disbursement. Last year, loan disbursement was 54%, even though demand for crop loans diminished due to drought. Following the kharif review meeting in June, Mr. Fadnavis had said, “The demand for crop loans was less last year owing to drought. Another possible factor for the poor disbursement of loans is the delay in waiving crop loans. As a result, crop loans cannot be disbursed to those accounts,” he said.

Source: The Hindu July 16, 2019 20:26 UTC