Explanation:

15 lakh crore

• During the announcement of the Union Budget 2020-21, the Union Finance Minister- Nirmala Sitharaman informed that Agriculture credit target for the year 2020-21 has been set up at Rs 15 lakh crore.
• The Non-banking finance companies (NBFCs) and cooperative are active in the agriculture credit space.
• The NABARD refinance scheme will be further expanded.The agricultural credit flow has increased consistently over the years, exceeding the target set for each fiscal.