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Investments in Indian Equity and Research => Indian Economy, Macro, RBI Policies => Topic started by: resh on February 28, 2013, 02:59:32 PM

Title: 4% Crop Loan now from Private Banks
Post by: resh on February 28, 2013, 02:59:32 PM

The interest subvention scheme for short-term crop loans will be continued and a farmer who repays the loan on time will be able to get credit at 4 percent per annum. So far, the scheme has been applied to loans extended by public sector banks, RRBs and cooperative banks.

The Finance minister propose to extend the scheme to crop loans borrowed from private sector scheduled commercial banks in respect of loans given within the service area of the branch concerned.