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Interest subvention scheme

Farm subvention scheme on crop loans to continue at 7%

The Reserve Bank on Thursday said farmers will continue to get short-term crop loan of up to Rs 3 lakh at subsidised interest rate of 7 per cent and the rate could go down to 4 per cent if they repay promptly in 2017-18.

May 25, 2017, 21:12 PM IST

Good news for farmers! Cabinet approves extension of 3% interest subvention on crop loans

The Union Cabinet on Tuesday approved a proposal to extend a three percent interest subvention scheme to banks for the current fiscal to ensure farmers get short-term crop loans up to Rs 3 lakh at seven percent interest.

Jul 05, 2016, 16:10 PM IST

Govt announces 3% interest subsidy to boost exports

Concerned over continuous decline in exports, government on Wednesday announced 3 percent interest subsidy scheme for exporters which will have a financial implication of about Rs 2,700 crore.

Nov 18, 2015, 19:41 PM IST

Commerce Ministry moves Cabinet note on interest subvention scheme

To give a fillip to exports, the Commerce Ministry has moved a Cabinet note on a proposal to provide cheaper credit access to exporters from various sectors under the interest subvention scheme.

Aug 09, 2015, 10:53 AM IST

Govt releases Rs 11,281 crore for settling farm claims

The government on Monday said it has released Rs 11,281 crore between April and July to NABARD to pay interest subvention claims to banks for short-term crop loans of up to Rs 3 lakh to farmers.

Jul 27, 2015, 21:30 PM IST

Govt extends interest subvention on crop loans for farmers

The government on Tuesday extended the interest subvention scheme to banks to ensure availability of crop loans of up to Rs 3 lakh to farmers at 7 percent per annum.

Jul 21, 2015, 23:14 PM IST

Govt to soon announce interest subvention scheme for exporters

Concerned over a continuous decline in exports, the government on Friday said it will soon announce an interest subsidy scheme for exporters.

Jul 17, 2015, 13:53 PM IST

Govt to raise 5% interest subvention scheme by 5-fold for poor

In a move to make finance cheaper for weaker sections of the society, the government will soon be massively expanding the eligibility cap for the 5 percent interest subvention scheme to Rs 5 lakh from the current Rs 1 lakh, a top official said on Wednesday.

Aug 20, 2014, 18:55 PM IST

Govt clears interest subvention scheme for farmers

The estimated budgetary implication of this scheme for 2013-14 is Rs 15,385 crore, Manish Tewari added.

Aug 02, 2013, 15:24 PM IST