Govt closely monitoring agriculture credit given by banks: Nirmala Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the government is monitoring farm credit given by banks in rural areas, adding that she expects to meet the increased target of Rs 15 lakh crore for the next fiscal.
The government in Budget 2020-21 has raised the farm loan disbursal target by 11 per cent to Rs 15 lakh crore for the next fiscal and allocated Rs 1.6 lakh crore to implement various plans in agriculture and allied sectors as it chases the goal of doubling farmers income by 2022.
The government has allocated Rs 75,000 crore for the PM-KISAN scheme for the next fiscal, which is same as the budget estimate for this fiscal but higher than revised estimate of Rs 54,370 crore.
"Credit limit has been expanded. I am sure it is based on local ground level requirement...we expect the demand to grow and credit requirements to also meet up with it. I am actually closely monitoring banks and their extension of credit facility particularly to rural areas. So I think we'll be able to meet that," she told reporters after addressing the central board of RBI here.
The farm credit target for the current fiscal has been set at Rs 13.5 lakh crore.
Normally, farm loans attract an interest rate of 9 per cent. But the government is providing 2 per cent interest subsidy to ensure farmers get short-term farm loan of up to Rs 3 lakh at an effective rate of 7 per cent per annum.
With regard to proposed mega consolidation of public sector banks, the finance minister said there was no discussion on the issue at the RBI board meeting on Saturday.
"I don't see any reason to go back or any reason which is particularly causing any delay for any notification...you will hear on it as it when it comes," she said.
Last year in August, the government announced merger of 10 public sector banks into four. United Bank of India and Oriental Bank of Commerce are to be merged with Punjab National Bank, making the proposed entity the second largest public sector bank (PSB) from April 1 this year.
It was also decided to merge Syndicate Bank with Canara Bank, and Allahabad Bank with Indian Bank. Similarly, Andhra Bank and Corporation Bank are to be consolidated with Union Bank of India.
In April 2019, Bank of Baroda, in the first three-way merger exercise, amalgamated Vijaya Bank and Dena Bank with itself.
SBI had merged five of its associate banks -- State Bank of Patiala, State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore and State Bank of Hyderabad as well as Bharatiya Mahila Bank with itself effective April 2017.
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How Indian AI Is Booming with GEOX AI Leading the Next Wave of Geolocation Intelligence
TraceX Labs has announced the launch of GEOX AI, an advanced artificial intelligence platform capable of identifying the real-world location where a photograph or video was taken using only the visual content within the media.
Positioned as an enterprise-grade intelligence solution, GEOX AI leverages advanced computer vision and multi-agent AI to analyze pixel-level details such as architecture, road patterns, vegetation, signage, lighting, and environmental context. By interpreting these visual clues, the system can estimate—and in many cases precisely determine—the origin of an image or video.
AI-Powered Geolocation Intelligence
Marketed under the concept of “Locate Anywhere From Any Image,” GEOX AI is designed for intelligence operations where speed, accuracy, and reliability are critical. The platform currently supports:
- 400+ analyses available
- <10 seconds average response time
- Up to 99% accuracy on landmark-based identification
- Global coverage across diverse terrains and environments
Core Capabilities
GEOX AI integrates multiple intelligence features into a single platform:
- Precise Geolocation:
Identifies exact geographic coordinates using visual landmarks, architecture, vegetation, and cultural indicators. - Satellite Map View:
Results are plotted on live satellite imagery with 2D/3D viewing options and multiple map styles for deeper analysis. - AI Reasoning Analysis:
Provides a detailed explanation of how the system arrived at a conclusion, including confidence scoring. - Multi-Result Analysis:
Returns multiple possible locations ranked by confidence, enabling cross-verification. - Intelligence PDF Export:
Allows one-click generation of professional reports containing maps, coordinates, analysis, and structured findings. - Credit-Based Access:
Agencies are allocated credits, with each analysis consuming one credit. Additional credits can be requested directly.
Speed Meets Intelligence
GEOX AI is designed to balance rapid processing with analytical depth:
- Fast Mode: Delivers results within seconds for clear and high-context images
- Advanced Mode: Performs deeper multi-step analysis for complex or ambiguous visuals
- Built for real-time decision-making in high-pressure environments
How GEOX AI Works
The platform follows a simple and efficient workflow:
- Upload any image or video frame
- AI analyzes visual clues such as structures, terrain, and environment
- The system identifies location with coordinates, confidence score, and reasoning
- Results are displayed on an interactive satellite map
- Export a professional intelligence report in one click
A Breakthrough for Investigations
GEOX AI is expected to have wide-ranging applications across multiple domains:
- Tracking the origin of images from social media and open sources
- Supporting digital forensics and cyber investigations
- Assisting law enforcement and intelligence operations
- Helping journalists and OSINT analysts verify visual content
- Providing support in missing person cases and threat intelligence scenarios
Enterprise Access and Deployment
GEOX AI is available to verified law enforcement agencies, intelligence organizations, and authorized enterprises. Access is provided through a structured system where organizations can request credentials and define their operational use cases.
Interested users can request access via tracexlabs.com or contact contact@tracexlabs.com, with response times typically within 24–48 hours.
Privacy Debate Intensifies
The launch of GEOX AI has also sparked renewed discussion around digital privacy. By demonstrating how location data can be extracted purely from visible elements within images, the platform highlights the potential risks associated with sharing photos online without considering what those visuals may reveal.
Conclusion
With GEOX AI, TraceX Labs is entering the rapidly evolving geolocation intelligence space with a platform that combines speed, precision, and real-world usability. As artificial intelligence continues to advance, tools like GEOX AI are expected to play a critical role in shaping the future of investigations, security, and digital intelligence.
