Pune: Close to 70,000 farmers, who did not repay their crop loans, have not yet received loans for the kharif season, said Pune District Central Cooperative (PDCC) Bank CEO Sanjaykumar Bhosale. The bank distributes crop loans to around 3.5 lakh member farmers.
Bhosale said these farmers will be given fresh crop loans once the waived amount is settled against their loan account.
Last year till July 15, loans worth Rs 1,126 crore was disbursed among 1.67 lakh farmers. But this year, loans worth Rs 932.13 crore was disbursed among 1.32 lakh farmers. Bank officials said as per banking rules, those who did not repay their loans for the earlier season are not eligible for crop loans for the next season.
Accordingly, the farmers in Pune district, who did not repay their loans till March 31 this year, could not get loans for the Kharif season.
The crop loans are distributed as per the size of the land and the type of crop farmers wish to grow. The PDCC Bank officials said sugarcane farmers get a crop loan of up to Rs 42,000 per acre. Similarly, grape cultivators get up to Rs 1.30 lakh per acre. Tomato growers are given up to Rs 25,000 per acre loan.