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Follow on Google News | Agriculture Credit Target Set At Record Rs 10 Lakh CrThe farmers will also benefit from the 60-day interest waiver recently announced for loans taken from co-operative societies. About 40% of the small and marginal farmers avail credit from the primary agriculture societies, which act as a front for loan disbursements, Jaitley said. Jaitley increased the total outlay for agriculture, allied and rural sectors by nearly a fourth to Rs. 1,87,223 crore for next financial year. A dedicated micro-irrigation fund will also be established under NABARD with an initial corpus of Rs 5,000 crore. Jaitely said that the e-National Agricultural Market will be extended to 500 Agricultural Produce Market Committees, so as to ensure farmers get better prices for their produce. To boost post-harvest facilities, an assistance of upto Rs 75 lakh will be provided to each e-National Agricultural Market for establishment of cleaning, grading and packaging facilities to boost the value addition of the farmers' produce. For Daily Market Updates, Please Visit http://www.pinnaclefinancial.in/ End
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