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AGRI INTEREST SUBVENTION
Operative Kisan Credit Card amount crosses Rs 10 lakh crore benefiting 7.72 crore farmersThe finance ministry announced that the Kisan Credit Card (KCC) scheme has provided over Rs 10 lakh crore in affordable loans to 7.72 crore...- Difficult to lower rates without easy funds: Microfinance institutionsHeads of microfinance institutions (MFIs) emphasize the difficulty in lowering interest rates without access to cheaper funds, suggesting a...
- Interim Budget: Govt may increase agri-credit target to Rs 22-25 lakh croreCurrently, the government provides interest subvention of two per cent on short term agri-loans of up to Rs 3 lakh for all financial instit...
- Agri ministry asks banks to promote Rs 1 lakh cr Agriculture Infrastructure Fund"This one month-long campaign (from July 15 to August 15) with a target of Rs 7,200 crore was launched through video conference attended by...
- Cabinet approves interest subvention of 1.5 percent on short-term farm loans up to Rs 3 lakhThe 1.5 per cent interest subvention will be provided to lending institutions (public and private sector banks, small finance banks, region...
- Govt sanctions Rs 6,540 cr via Agri Infra Fund so far: Narendra Singh TomarTomar, in his written reply to the Rajya Sabha, said: "As on date, 16,026 applications for an amount of Rs 10,627 crore have been received ...
- Government raises farm credit target to Rs 18 lakh crore for FY23The interest subvention is given to public sector banks (PSBs), private lenders, cooperative banks and regional rural banks (RRBs) on the u...
- UP Cabinet approves Atma Nirbhar Krishak development schemeUnder this scheme, 1,475 Farmer Producer Organisations (FPOs) will be formed in the next three years in each development block of the state.
- APMCs can access Farmers Infrastructure Funds: Narendra Singh TomarAlleviating fears of farmers, the minister said that APMCs will not be done away with after the implementation of farm laws. Instead they w...
- PM Modi launches financing facility worth Rs 1 lakh crore under Agriculture Infrastructure FundPM Modi also released the sixth installment of Rs 17,100 crore to more than 8.55 crore farmer-beneficiaries under the Pradhan Mantri Kisan ...
- Cabinet nod for Rs 1 lakh crore agri-infra fundThe Agri-Infra Fund was part of the Rs 20 lakh crore stimulus package announced in response to the COVID-19 disaster. Briefing the media ab...
- Govt extends crop loan repayment till May“Due to ongoing lockdown, there have been restrictions imposed on movement of people. Many farmers are not able to travel to bank branches ...
- SBI to organise outreach programme for farmers on July 18SBI said it expects to cover 10 lakh farmers through nearly 14,000 rural and semi-urban branches across the country in this Kisan Mela, to ...
- Govt waives Rs 660.50 cr interest on crop loans for Nov-DecA decision in this regard was taken at the Cabinet meeting, chaired by Prime Minister Narendra Modi, to help farmers who faced hardships be...
- Farmers get 60 days more to repay crop loans due in November-DecemberUnder the interest subvention scheme, farmers get the short-term crop loan of up to Rs 3 lakh for one year at an interest rate of 7 per cen...
- Government announces 3% interest subsidy to boost exportsThe decision to help boost overseas shipments was taken at a meeting of Cabinet Committee on Economic Affairs headed by Prime Minister Nare...
- Interest subsidy scheme for exporters in a month: Rajeev KherRajeev Kher said that in the Budget there is an arrangement for interest subvention scheme, under which exporters get loans at affordable r...
- Budget 2013: Govt continues with 3% interest subvention scheme for farmersUnder the existing interest subvention scheme, farmers get short-term crop loans at seven per cent interest.
- Budget 2013: Agri outlay raised raised by 22% to Rs 27,049 for 2013-14"The increase in Minimum Support Price of every agricultural produce has helped boost production," FM said during Budget speech.
- Union Budget 2009-10: Farmers get 1% rate cut for timely paymentDiligent borrowers will now pay an interest of 6% instead of 7% on short-term crop loans up to Rs 3 lakh.
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