Srinagar: Jammu and Kashmir received ₹12,044 crore in agriculture credit during 2025-26, taking the total farm credit disbursed in the Union Territory to ₹1.36 lakh crore between 2013-14 and 2025-26, the Finance Ministry informed the Lok Sabha on Monday.
The ministry said annual agriculture credit disbursement in J&K increased more than fivefold during the period, from ₹2,333 crore in 2013-14 to ₹12,044 crore in 2025-26.
The highest annual disbursement was recorded in 2024-25 at ₹17,841 crore. It stood at ₹12,624 crore in 2023-24, ₹13,152 crore in 2022-23 and ₹14,283 crore in 2021-22.
The figures were provided in response to Lok Sabha Unstarred Question No. 3516, with the year-wise data sourced from NABARD.
The GoI, however, said details of the amount recovered against agriculture loans were not maintained centrally. It also clarified that no farm loan waiver had been extended by the Union government since 2014.
On corporate lending, the ministry said state- and UT-wise data on loans extended to corporates and recoveries were likewise not maintained centrally. RBI data showed that outstanding advances to large industries and services by scheduled commercial banks across India stood at ₹69.22 lakh crore in March 2026, up from ₹30.65 lakh crore in March 2015.
The government also stressed that loan write-offs should not be equated with loan waivers. Scheduled commercial banks wrote off ₹20,485 crore in loans to large industries and services in 2025-26, compared with ₹1.59 lakh crore in 2019-20.
According to the ministry, a write-off is an accounting measure that helps banks adjust their balance sheets and does not absolve borrowers of their repayment obligations. Banks can continue recovery proceedings against such borrowers.
For financially stressed borrowers, the government referred to the RBI’s Master Direction on Resolution of Stressed Assets, 2025, updated on July 1, 2026, which permits lenders to restructure finances in line with their board-approved policies and regulatory norms.
