Cabinet approves interest subvention of 1.5% on short term agriculture loan up to Rs 3 lakh for FY23 to FY25
Interest Subvention of 1.5% will be provided to lending institutions including public and private Banks, Small Finance Banks, RRB, Cooperative Banks and Computerised PACS directly ceded with commercial banks for FY 2022-23 to 2024-25 for lending short term agri-loans up to Rs 3 lakh to farmers
Union Cabinet, chaired by Prime Minister Narendra Modi has approved restoration of Interest Subvention on short term agriculture loans to 1.5 per cent for all financial institutions. Source: Reuters