SC: Occasional Delays in Bill Assent Don’t Warrant Fixed Timelines for Governors and President  ||  SC: Occasional Delays in Bill Assent Don’t Warrant Fixed Timelines for Governors and President  ||  Supreme Court Rejects Challenge to ?3,500 Fee for All India Bar Examination  ||  SC: NCLT Can Probe Fraud Allegations & Document Validity in Oppression and Mismanagement Cases  ||  SC: Clause Limiting Interest on Delayed Payments Doesn’t Bar Pendente Lite Interest under A&C Act  ||  Supreme Court: Couple Seeks Criminal Action against Private Hospital for Alleged Baby Swapping  ||  Calcutta HC: Ramkrishna Mission Can’t Reject Professor’s Appointment Solely over Online Opinions  ||  Calcutta HC Rejects PIL Requesting CBI Investigation in 15-Year Caste Certificate Fraud Allegations  ||  NCLT: Successful Bidder of Corporate Debtor Not Exempt from Statutory Compliances  ||  Raj. HC: No Jurisdiction on DRT to Modify Settlement Terms in Appli. Filed after Disposal of Matter    

'Doubling Farmers' Income by 2022' – Measures- (Reserve Bank of India) (29 Sep 2016)

MANU/RMIC/0167/2016

Banking

Government of India in the Union Budget 2016-17 had announced its resolve to double the income of farmers by 2022. Several steps have been taken towards attaining this objective including setting up of an inter-ministerial committee for preparation of a blue print for the same. This agenda has also been reiterated by the government in several forums and has acquired primacy from the point of view of rural and agricultural development.

Acceleration in income generation is significantly dependent on better capital formation in agriculture. Towards this, banks should revisit their documentation for crop loans, simplify them where required and ensure speedy sanctioning and disbursal of loans within specified time limits. The Lead Bank Scheme through its various forums monitors and reviews the performance of banking developments in the State/district/block with special reference to Annual Credit Plans, Government Sponsored Programs, flow of credit to priority sector, etc. for enhancing the flow of bank finance particularly to the rural areas.

Tags : INCOME   DOUBLING   FARMERS   MEASURES  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved