Archive · 24 Jul 2026
Tummala Seeks More Farm Loans
The agriculture minister in Hyderabad wants banks to give more loans to farmers for crops and irrigation systems.
He thinks the current loan target of Rs 58,000 crore is not enough and wants it increased.
So far, Rs 20,000 crore has been given to farmers.
The minister also wants to use Rs 498 crore from a special fund to help farmers buy drip and sprinkler irrigation systems.
He also wants seeds for different crops to be available and sold at a 50% discount.
Agriculture minister Tummala Nageswara Rao calls for increased crop loans from banks.
Current loan target is Rs 58,000 crore, but Rs 20,000 crore has been disbursed so far.
Minister seeks additional funds for drip and sprinkler irrigation systems.
Rs 498 crore from Nabard to be used for irrigation subsidies.
Seeds for alternate crops to be made available with a 50% subsidy.
- Who
- Agriculture minister Tummala Nageswara Rao
- What
- Called for increased crop loans and additional funds for irrigation systems
- When
- Thursday
- Where
- Hyderabad
- Why
- To support farmers under current circumstances and promote irrigation systems
Increased Farm Loans
Financial Risk
Need for Increased Loans
Increased Farm Loans
Agriculture minister Tummala Nageswara Rao argues that increased crop loans are necessary to support farmers under current circumstances.
Financial Risk
Banks may be concerned about the financial risk and sustainability of increasing loan targets.
- Minister
- Tummala Nageswara Rao
- Current Loan Target
- Rs 58,000 crore
- Loans Disbursed So Far
- Rs 20,000 crore
- Additional Funds for Irrigation
- Rs 498 crore
- Subsidy for Seeds
- 50%