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…