Crop Loan in India
In India, crop loan is demanded by small farmers and govt. of India also helps them loan at cheap rates. On February 26, 2010, The government announced loans at a subsidised interest rate of five per cent – two per cent less than market rate -- for farmers who pay their dues in time.
Announcing this in his Budget speech for 2010-11, Finance Minister Pranab Mukherjee also said that the credit target for the agriculture sector has been increased to Rs 3,75,000 crore for the next fiscal from Rs 3,25,000 crore 2009-10.link