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Using crop loans to buy jewels will not help agriculture

Nov 21, 2012 Chennai: The Tamil Nadu finance minister on Tuesday said that classifying jewel loans as crop loans would not help improve agriculture. In his speech at a meeting of Union Finance Minister with Chief Min isters of South Zone States, Union Territories and CEOs of Public Sector Banks and Financial Institutions at Bangalore, O Panneerselvam said lending to the farm sector by banks had shown a remarkable increase over the years. However, the bulk of this lending is dominated…

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