SRINAGAR: Jammu and Kashmir received Rs 12,044 crore in agriculture credit during 2025-26, taking the total farm credit disbursed in the Union Territory to Rs 1.36 lakh crore over the 13-year period from 2013-14 to 2025-26, the Union Finance Ministry informed the Lok Sabha on Monday.
The Ministry, however, said the amount recovered against these agriculture loans was not centrally maintained. It also clarified that the Union Government had not extended any farm loan waiver during the period since 2014.
According to State/UT-wise data furnished in response to Lok Sabha Unstarred Question No. 3516, JK’s annual agriculture credit disbursement rose from Rs 2,333 crore in 2013-14 to Rs 12,044 crore in 2025-26, an increase of over five times.
The UT recorded its highest annual agriculture credit disbursement during the period at Rs 17,841 crore in 2024-25. Credit disbursement stood at Rs 12,624 crore in 2023-24, compared with Rs 13,152 crore in 2022-23 and Rs 14,283 crore in 2021-22.
The figures show that farm credit disbursement in JK remained substantially higher in recent years than at the beginning of the period, despite fluctuations from year to year.
The Centre said the year-wise, State/UT-wise details of agriculture credit disbursed were sourced from NABARD, while recovery data was not maintained centrally.
On corporate lending, the government said State/UT-wise details of loans given to corporates and amounts recovered were also not centrally maintained. RBI data showed that outstanding advances to large industries and services by scheduled commercial banks nationally stood at Rs 69.22 lakh crore as of March 2026, compared with Rs 30.65 lakh crore in March 2015.
The government also clarified that corporate loan write-offs should not be treated as loan waivers. Scheduled commercial banks reported write-offs of Rs 20,485 crore against large industries and services in 2025-26, compared with Rs 1.59 lakh crore in 2019-20.
The Finance Ministry said a write-off is an accounting procedure used by banks to adjust their balance sheets and does not extinguish the borrower’s liability. Borrowers remain liable for repayment and banks continue recovery proceedings.
For borrowers facing financial stress, the government cited the Reserve Bank of India’s Master Direction on Resolution of Stressed Assets, 2025, updated on July 1, 2026, which allows lenders to undertake financial restructuring in accordance with their board-approved policies and regulatory guidelines.
