Thiruvananthapuram,
Oct 26: Kerala Agriculture Minister VS Sunil Kumar has said the State Bank
of India (SBI) will disburse agriculture loans worth Rs 1600 crore to farmers
this year in the State. A decision in this regard was taken at a meting between
the Minister and the top officials of SBI recently. The Bank also agreed to
spend Rs 300 crore for paddy procurement as part of an agreement with Supplyco,
the Minister added. The Bank, having the largest number of bank accounts of
farmers, will provide zero bank account facility for peasants, he added. The
Bank will provide loans upto three lakh with less interest of four per cent to
vegetable farmers. About 3,600 farmers will get the benefit of one-time
settlement in which debt-ridden farmers can settle their loans before March 31,
2018, he added. UNI
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