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Haryana seeks credit for farm sector at reasonable rates

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SummaryA primarily agrarian state, Haryana Friday sought sufficient availability of credit at reasonable rates and favourable repayment schedule for the farm sector.

A primarily agrarian state, Haryana Friday sought sufficient availability of credit at reasonable rates and favourable repayment schedule for the farm sector.

“Credit should be offered at not more than four per cent interest for farm operations and not more than seven per cent for meeting non-agricultural needs of farmers,” Chief Minister Bhupinder Singh Hooda said at a meeting of chief ministers of northern states with Finance Minister P Chidambaram in Delhi.

These recommendations were earlier made by the Working Group on Agriculture constituted by the Prime Minister and headed by Hooda.

The CM also impressed upon the Centre to ask banks to meet the target set for the debt swap scheme for farmers, reduce the premium under the Weather Based Crop Insurance Scheme (WBCIS) or subsidise it and hike the compensation under the Aam Admi Bima Yojna from Rs 75,000 to Rs 1 lakh.

While detailing how well Haryana has done in the field of providing education loans to students, he suggested that the Centre should extend the facility to the students of Industrial Training Institutes, vocational courses and Polytechnics. “Upto September 2012, more than 42,000 students had accessed such loans in Haryana. In the half year ending September 2012, 1,533 female students were assisted by way of disbursal of Rs 37.63 crore in the state”, he said.

He also added that the growth in credit to Small and Medium Enterprises (MSMEs) in Haryana at the end of September, this year, was 47 per cent as against the target of 20 per cent.

He also suggested that the Comptroller and Auditor General should start accepting digital information and do away with manual preparation of accounts.

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