A Target of INR. 16.50 Lakh Crore for Ground Level Credit (GLC) has been Fixed for Farmers in 2021-22.
The share of term loan in the total GLC has increased from 24.95 per cent in 2013–14 to 40.5% in 2019-20. A continuous increase in the share of term loan would lead to the much-needed increase in capital formation in agriculture, and the consequent increase in agricultural productivity.