Maharasthra Cooperative Minister Harshvardhan has announced in the state assembly that his govt would make available to farmers crop loans of Rs 24,700 crore in 2012-13.
The minister made this announcement while intervening in a discussion initiated by a BJP member of the house on the six ailing district cooperative banks in the state.
According to the minister, nearly fifty percent of the total farm credit would be routed through the cooperative banks.
Mr Harshvardhan said the farm loan distributed so far had been to the tune of about Rs 800 crore. He added that the state govt would raise the total loan amount to Rs 30,000 crore in the near future.
Sources say the channeling of a massive agricultural credit through the DCBs would boost up cooperative component to the economy in Maharashtra.
