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2009 – YEAR OF THE FARMERS’ JUDGEMENT -
PARLIAMENT GENERAL ELECTIONS
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INJUSTICE DONE TO SMALL FARMERS AND WEAKER SECTIONS BY BANKS DURING LIBERALIZATION PROCESS – 1990-2007.
1) Diluting the objective of credit to priority sectors.
Loans up to Rs.25,000/- to small & weaker sections farmers are reduced by Banks and rich farmers and large agro trading are given more loans.
A) The number of small loans to farmers reduced by 90 lakhs. |
No. of year |
A/c in lakhs A/cs |
1992-93 |
267 |
2005-06 |
178** |
B) The amount of loans to small farmers is reduced drastically. |
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No. of A/cs |
Amount (in crores) |
Small loans unto Rs.25,000 |
1.78,00,000 |
22,979 |
Loans Rs.1 crore and above |
7,300 |
50,969 |
C) % of Decline in small loans to farmers (Rs.25,000/- loan). |
1985 |
1990 |
1995 |
2003 |
2007 |
50% |
59% |
52% |
24% |
11% |
D) Loans to non-agri sectors increased by Rs.1,12,000 crores but loans to Agriculture reduced by Rs.11,000 crores (April – August 2008)
2. Changing the definition of Agri finance.
- Loans to Corporate and Partnerships firms are shown as direct finance.
- Large Warehousing and pledge loans are included –
- Loans to Electricity Board are included.
- Loans to State Corporations are included.
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