Centre may hike agri credit target to about Rs 18 lakh crore in upcoming Budget

The Central government is all set to raise farm credit target to about Rs 18 lakh crore in the Budget 2022-23 to be presented on February 1. 

New Delhi: With a view to give a boost to the agriculture sector, the government is likely to raise farm credit target to about Rs 18 lakh crore in the Budget 2022-23 to be presented on February 1, according to sources.

For the current financial year, the government has set a credit target of Rs 16.5 lakh crore.

The government has been increasing the credit target for the farm sector every year and this time also, the target is likely to be increased to Rs 18-18.5 lakh crore for 2022-23, the sources said.