{"id":29214,"date":"2018-10-24T17:36:22","date_gmt":"2018-10-24T12:06:22","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=29214"},"modified":"2018-10-24T17:36:22","modified_gmt":"2018-10-24T12:06:22","slug":"small-farmers-get-raw-deal","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/small-farmers-get-raw-deal\/","title":{"rendered":"Small farmers get raw deal"},"content":{"rendered":"<p><strong>Small farmers get raw deal<\/strong><\/p>\n<p><strong><u>News:<\/u><\/strong><\/p>\n<p>According to an RBI report, small farmers get only 30-40% of agricultural credit meant for the farm sector.<\/p>\n<p><strong><u>Important facts:<\/u><\/strong><\/p>\n<ol>\n<li>The priority sector lending mandate does not mention about the target of lending<\/li>\n<li>According to RBI rules, 18% of banks\u2019 Adjusted Net Bank Credit should be provided to the agricultural sector. Small and marginal farmers should receive 8% of the total credit provided to the agricultural sector.<\/li>\n<li><strong>Highlights of RBI\u2019s Report<\/strong><\/li>\n<\/ol>\n<ul>\n<li>Small farmers received only 42.2% of agricultural credit disbursed in 2016-17<\/li>\n<li><strong>Rural-Urban Divide:<\/strong> Rural farmers received only 34.5% of agricultural loans outstanding as of 2017<\/li>\n<li>The burden of providing agricultural credit has been on public sector banks- In 2017, 12 out of 23 private sector banks failed to meet RBI\u2019s lending target<\/li>\n<li><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-241 size-full\" src=\"https:\/\/i0.wp.com\/currentaffairs.forumias.com\/wp-content\/uploads\/2018\/05\/123.png?resize=299%2C229\" alt=\"\" width=\"299\" height=\"229\" \/><\/li>\n<li>\u00a0<strong>Disparity in performance between states<\/strong>: Example: Meghalaya gives\u00a093.6% of its agricultural credit to small and marginal farmers. On the other hand, in Sikkim, agricultural credit provided to small and marginal farmers accounts for only 1.6%<\/li>\n<\/ul>\n<ol start=\"4\">\n<li>The data from RBI report highlights that the priority sector lending is poorly targeted. This problem of targeting arises out of lending costs.<\/li>\n<li>Banks tend to lend large farmers or farmers close to urban areas as the cost of lending is low.<\/li>\n<li>There is an urgent need to examine the priority sector lending mandates and bring necessary changes.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Small farmers get raw deal News: According to an RBI report, small farmers get only 30-40% of agricultural credit meant for the farm sector. Important facts: The priority sector lending mandate does not mention about the target of lending According to RBI rules, 18% of banks\u2019 Adjusted Net Bank Credit should be provided to the&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/small-farmers-get-raw-deal\/\">Continue reading <span class=\"screen-reader-text\">Small farmers get raw deal<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-29214","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704930438},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/29214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=29214"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/29214\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=29214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=29214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=29214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}