SBI decision may play havoc with Bihar's agriculture plans
Patna (PTI): The State Bank of India's (SBI) decision not to finance agriculture equipment would tremendously impact Bihar and may wreak havoc on the state's agriculture plans, according to Deputy Chief Minister Sushil Kumar Modi.
'The agriculture income in the state is low and medium and marginal farmers do not have the money to buy agricultural equipment like power tillers and tractors required for modernising agriculture in the state', Modi, also the state Finance Minister said while reacting to the SBI decision.
'It has come at a time when the state government has launched an agricultural roadmap and it may adversely affect the state's ambitious plans', he said.
'The four per cent agricultural growth target will also remain a pipedream and the food security of the nation compromised if the State Bank of India is allowed to continue with its decision', Modi feared.
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