Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Minister Sets Rs. 8 Lakh Crore Credit Target for Agriculture with Incentives and Infrastructure Boosts for 2014-15.</h1> The Finance Minister announced measures to boost investment and credit in the agriculture sector, setting a credit target of Rs. 8 lakh crore for 2014-15. Banks are providing crop loans at a concessional rate of 7%, with an additional 3% incentive for timely repayment. The Rural Infrastructure Development Fund's corpus will increase by Rs. 5,000 crore to Rs. 25,000 crore. A Rs. 5,000 crore allocation is proposed for scientific warehousing infrastructure. A Long Term Rural Credit Fund with Rs. 5,000 crore is being established for Cooperative and Regional Rural Banks. Additionally, Rs. 50,000 crore is allocated for the Short Term Cooperative Rural Credit Fund, and Rs. 200 crore for NABARD's Producers Organization Development Fund.