Due to climate change, natural disaster has become a big problem for the farmers. In order to deal with this problem, the simple banking system proves to be very effective, for this the Government of Maharashtra is preparing a plan in association with NABARD.
The State Government wants that the condition of CIBIL score should not be imposed on them by the banks. In the financial year 2023-24, NABARD has announced a budget of 47 percent for lending.
In the State Focus Paper of NABARD for the year 2023-24, a credit capacity of Rs 6 lakh 34 thousand 058 crore has been prepared for various priority sectors. In this format, there has been an increase of 47 percent as compared to the period of the year 2021-22.
In the State Credit Seminar organized by NABARD, Chief Minister Eknath Shinde said that farmers should get crop loans easily, the condition of CIBIL score should not be imposed on them by the banks. The state government is making efforts for the all-round development of farmers, laborers and cooperatives and banks should also frame a loan policy for this sector.
The Chief Minister said that this State Focus Paper will also be placed in the State Economic Council and further guidance will be taken. Maharashtra has a lot of potential in the state’s agriculture, rural infrastructure, MSME and other sectors. Therefore, if there is participation and coordination of various departments of the state government and bankers, development can take place in the right direction. Effective implementation of various schemes for the farmers in the state is on the fast track. Today there is also a big problem of natural disaster due to climate change. If it is ensured that all the credit needs of the farmer are met through the banking system, he will stand on his feet with confidence and the thought of suicide will not even cross his mind.
The Jalyukt Shivar Yojana, which was closed for two and a half years, has been started again. In the last nine months, 27 irrigation projects have been expedited. He also appreciated the initiative of NABARD in adapting to the growing challenge of climate change and mitigating its adversities. The government under the guidance of Prime Minister Narendra Modi is striving to take Maharashtra towards a trillion dollar economy and in this regard this State Focus Paper will prove useful.
Deputy Chief Minister Fadnavis said that agro-based industries are being promoted in the state and various schemes will be implemented in the budget keeping the farmers at the center point. Samridhi Marg is going to be very useful for the farmers. Here, establishment of agro-based industries is being promoted. Agriculture loans should be easily available to the farmers. CIBIL is not required, farmers should be given detailed information regarding this. Action will also be taken regarding permission to form new primary agricultural co-operative institutions.
NABARD Chief General Manager G. S. Giving information about the State Focus Paper, Rawat said that in this for 2023-24, 1 lakh 56 thousand 873 crore (24.7 per cent) for the agriculture sector, 3 lakh 54 thousand 854 crore (56 per cent) for SMEs, 3 lakh 54 thousand 854 crore (56 per cent) for other priority sectors. 1 lakh 22 thousand 331 crore (19.3 per cent) credit capacity.
Similarly banks should also expand their network, do cluster financing in agriculture sector, formulate a corporate policy to provide financial assistance to thrift groups and take steps to strengthen rural cooperation.
