Only 35% of total farm credit goes to small farmers: Reports
Not more than 35% of the total agriculture loans from formal banking channels is directed to small and marginal farmers, though they hold over 70% of the country's farmland, according to reports. Terming farm loan waivers as a short-term solution, reports quoting bank officials called for mechanisms to ensure that loans reach small farmers and minimise their dependence on moneylenders.