In the last decade, more than Rs.4.70 trillion of agricultural loans were written off

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Mumbai, Ta. 13 January 2020, Monday

Over the past decade, various states of the country have collectively taken away off-farm loans worth Rs 1.8 trillion. Farm loans NPIs accounted for 8% of the total badlons in FY'4, or Rs1.5 trillion.

In the last financial year, the NPA's score in the banking sector was Rs 5 crore. The total number of NPAs in the financial year stood at Rs 5,3,6 crore, while the number of bad loans in the farm sector stood at Rs 5 crore, or 5 percent of total bed loans, a report said.

Despite the agriculture sector's NPA rupees 1.8 trillion in the last financial year, the government's exchequer has seen a burden of Rs 1.8 trillion on agricultural loans in the last one year. If the right-of-money of Rs 1-5 crore is added to this, the figure will increase to Rs 1.8 trillion. Goes to visit.

From fiscal year 1, ten major states of the country waived a total loan of Rs 5 crore. If added to the debt forgiveness figures announced by the central government, the amount could go up to Rs 1 trillion, the report said. The study also noted that there was a significant decrease in the intake of new loans in the years in which farm loans are retrofitted.


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