Budget 2019: Govt likely to raise farm credit target to ₹12 lakh cr

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Budget 2019: Govt likely to raise farm credit target to ₹12 lakh cr

Feb 01, 2019 08:46 IST

The government is likely to raise the farm credit target to 12 lakh crore in the 2019-2020 budget set to be presented on 1st Feb. According to a report, the target is set to be increased by 10 per cent against the already set target of 11 lakh crore rupees. As per a Bloomberg report, the farm package is also set to cost the Centre an additional 70,000 crore rupees per year. However, the report suggested that the farm distress relief package will not impact the fiscal deficit of current year. Discussions of subsuming the fertiliser subsidy programme into the package and give cash to the farmers are also underway.

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