70 Lakh Farmers to get Kharif Crop Loan this Year; No CIBIL Score Needed.
Don’t miss out on this opportunity to secure a crop loan without the hassle of a CIBIL score. Act now and ensure a prosperous Kharif season!
Huge Loan Plan for Kharif Season
Farmers, here’s some exciting news for you! This year’s Kharif season brings a massive ₹76,970 crore in crop loans through NABARD and the cooperative department. As of June 10, 32% of this loan amount has already been disbursed.
No CIBIL Score Needed for Loans
Good news! Nationalised banks have been instructed not to force farmers to use CIBIL scores to get crop loans. If you’re pressured to use CIBIL, you can file a complaint with the cooperative department. If you want us to raise a voice for you, do not hesitate to call us on 07875114466 or drop an email at connect@khetigaadi.com
Loan Disbursement Targets
For the 2024-25 Kharif season, here are the targets:
District Central Cooperative Banks: ₹17,487 crore (₹11,242 crore disbursed so far)
Public Sector Urban Rural Banks: ₹33,651 crore (₹5,916 crore disbursed so far)
Private and Small Finance Banks: ₹7,950 crore (₹1,501 crore disbursed so far)
In total, ₹18,659 crore has been disbursed, benefiting over 20.55 lakh farmers. The goal for this year is to distribute loans to 70 lakh farmers. Last year, ₹43,973 crore was disbursed to 17 lakh farmers by the end of September.
Wardha Bank is back in action
After 12 years, the Wardha District Central Cooperative Bank is back and financially stable. It now joins other banks in distributing crop loans.
The Wardha District Central Cooperative Bank has significantly improved its financial situation. After facing a potential license cancellation by the RBI due to negative cash value, a committee led by the District Collector managed to turn things around. The bank now has a positive cash value, enabling it to resume loan distributions.
Report any issues with the CIBIL
If you face any issues with banks forcing you to use CIBIL for crop loans, report it to the cooperative department immediately or write to us on connect@khetigaadi.com. The state government and the State Level Bankers Committee have clearly instructed banks not to impose this requirement.
Stay tuned with us on our KhetiGaadi App channel for more real-time updates on crop loans and other beneficial schemes aimed at supporting our hardworking farmers. For more detailed information, visit our site regularly!
