Raipur: Chhattisgarh government has disbursed about Rs 1272 crore to farmers as farm loan at a nominal rate of interest of one percent per annum.

The credit disbursement to the farmers is about 75 percent of the target set by the government for distributing loan in the current kharif session 2012-13.

Loans to the tune of Rs 1272.43 crore had been disbursed to the farmers; of it Rs 805.38 crore was in cash and Rs 467.05 crore in kind that included seeds and fertilizer.

State-run cooperative banks in the state had distributed short-term loans worth Rs 1227 crore in the last kharif session 2011-12 at an interest rate of 3 percent per annum. The state government had set a target of disbursing Rs 1700 crore agriculture loan in 2012.

The loan disbursement under a state government scheme was started from April 1

(JPN)

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