Please
refer to our Circular letter No. ACD/887-893/PD(P) –08/2001
dated the 17th April, 2001 on the captioned subject.
2)
With a view to facilitate the farming community in the
matter of availability of adequate and timely banking
credit for meeting their genuine needs, it has been decided
by the Agricultural Credit Advisory Committee (ACAC) in
its annual meeting held on 17th July, 2004 to enhance
the per acre credit limits for the following four major
agriculture crops with immediate effect.
| |
Crops |
Existing
limit |
Revised
limit |
| 1 |
Sugar |
Rs.8,
000/- per acre |
Rs.16,
000/- per acre |
| 2 |
Paddy |
Rs.4,
500/- per acre |
Rs.7,
000/- per acre |
| 3 |
Wheat
|
Rs.4,
000/- per acre |
Rs.6,
600/- per acre |
| 4 |
Cotton |
Rs.6,
000/- per acre |
Rs.10,
000/- per acre |
| 5 |
Other
Crops |
As
per actual cost |
As
per actual cost |
Note : These limits are only indicative and banks are
free to lend more or less of these indicative limits depending
upon actual assessment at the time of lending.
3) Please issue necessary instructions on priority basis
to all your branches for compliance of the said decision
under advice to us.