From Our Bureau
NEW DELHI: The Union Cabinet, chaired by Prime Minister Modi, on Wednesday restored the interest subvention on short term agriculture loans up to Rs 3lakh at 1.5% per annum by all financial institutions, including public, private, cooperative and regional rural banks.
NEW DELHI: The Union Cabinet, chaired by Prime Minister Modi, on Wednesday restored the interest subvention on short term agriculture loans up to Rs 3lakh at 1.5% per annum by all financial institutions, including public, private, cooperative and regional rural banks.
The scheme involving the budgetary provision of Rs 34,856 crore will be in force for three financial years of 2022-23 to 2024-25 with the goal of sustainable credit flow to the agriculture sector to inject adequate farm credit in the rural economy, I&B Minister Anurag Thakur told a press conference.
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