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Lower Farm Loans Sought in India
NEW DELHI - Jan 31/04 - SNS -- India's Agriculture Minister, Shri Rajnath Singh believes the country needs to take steps to further reduce interest rates on loans to the country's farmers.
Inaugurating a conference on ‘Agriculture to Agribusiness in 21st Century’, he said that he has taken up the matter with the Prime Minister.
Shri Rajnath Singh said that the rate of interest on farm loans has already been brought down to 8.5%, but further reduction is necessary to increase investment in the farm sector and boost farm income.
The Minister said India's farmers will be able to take agriculture to agribusiness only if there is an increase in their purchasing power.
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