Loans under the Garb of Farmers

Delhi and Chandigarh may hardly have any land left for agriculture, but when it comes to availing cheap farm loans, they beat even the top agricultural states. Residents of these two cities took agricultural loans worth over Rs.32,400/- crore in 2009-10 – more than U.P., West Bengal, Bihar and Jharkhand put together.

It is quite intriguing how thousands and thousands of crores are being utilized for agriculture in such urban agglomerations but the same is getting prominently propagated as if the banks are giving priority to agriculture in these places. Where is the loophole and who is getting the benefit under the garb of farmers? - these are the questions the bankers and the government have to answer before any scam is reported in this regard.