Interest Subvention of 1.5% will be provided to lending institutions (Public Sector Banks, Private Sector Bank, Small Finance Banks, Regional Rural Banks, Cooperative Banks and Computerized PACS directly ceded with commercial banks) for the financial year 2022-23 to 2024-25 for lending short term agri-loans upto Rs 3 lakh to the farmers
Reacting to the news of restoration of the interest subvention, Vidyadhar Anaskar, Chairman of Administrative Board of MSC Bank hailed the Cabinet decision and thanked Union Home Minister Amit Shah. Presided by the
New Delhi, August 17: The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved an interest subvention of 1.5 per cent per annum on short-term agriculture loan up to Rs 3 lakh to ensure “adequate credit flow in the agriculture sector”. “Thus, Interest Subvention of 1.5 per cent will be provided to lending institutions (Public Sector Banks, Private Sector Bank, Small Finance Banks, Regional Rural Banks, Cooperative Banks and Computerized PACS directly ceded with commercial banks) for the […]
Agreeing to the demand raised by cooperators during the Rural Cooperative Banks conference held in Vigyan Bhawan recently, the Union Cabinet, chaired by the Prime Minister Narendra Modi has restored Interest
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