Budget 2017 Live: Agricultural credit fixed at Rs 10 lakh cr in FY18

In a major thrust to agriculture, Finance Minister Arun Jaitley today announced a whopping Rs 1 lakh crore hike in the credit target for the next fiscal to Rs 10 lakh crore as part of the government’s efforts to double farm incomes in the next five years.

“The target for agricultural credit in 2017-18 has been fixed at a record level of Rs 10 lakh crore,” Jaitley said in his Budget speech.