Debt waiver scheme and relief to small and marginal farmers
Agri loans disbursed by rural banks, RRBs and Cooperative banks before March 2007 and overdue on Dec 2007 waived
Overdue agri loans amount to Rs 50,000 cr under the waiver and 10,000 cr under the OTS
Implementation of waiver to be completed by June 2008
Farmers eligible for fresh agri loans post the waiver or one time settlement
National Agri Insurance scheme get Rs 640 cr
National Horticulure Mission to get Rs 1,100 cr
Govt sets up irrigation and water resource finance corp with an initial corpus of Rs 100 cr
Agriculture share in total investment up from 10.2% in 2003-04 to 16% during the 11th Plan
Agri credit target to be Rs 2,80,000 cr for 2008-09
Agri credit doubled in first two years
Agriculture credit to touch 2,40,000 cr in 2008
Focus on achievement of self-sufficiency in food grain
Soyabean output to be 9.45 mn tonnes
Maize production to be 16.78 mn tonnes
Rice production to be 94.08 mn tonnes
Total agri production to be 219.32 mn tonnes at all time high
Agriculture disappointing at average annual growth of 2.6%
