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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        Case ID :
        FEMA & RBI

        Release of Subvention Amount to Banks for implementation of Interest Subvention Scheme for Short Term Crop Loans to Farmers

        July 28, 2015

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        The Government has allocated ₹ 13,000 crore in the Union Budget, 2015-16 for implementation of the Interest Subvention Scheme for Short Term Crop Loans upto ₹ 3.00 lakh.

         The Government has already released ₹ 11,281.16 crore during the first four months of the current financial year, to RBI/NABARD, for payment of interest subvention claims to banks towards implementation of Interest Subvention Scheme of the Government for short term crop loans to farmers.

        Interest subvention scheme for short-term crop loans: government released funds to enable subsidy payments to banks. The Government allocated funds in the Union Budget for the Interest Subvention Scheme for short-term crop loans and released a substantial portion to apex and refinancing institutions to enable payment of interest subvention claims submitted by banks, facilitating subsidy flow for eligible short-term agricultural borrowers in the current financial year.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Interest subvention scheme for short-term crop loans: government released funds to enable subsidy payments to banks.

                                The Government allocated funds in the Union Budget for the Interest Subvention Scheme for short-term crop loans and released a substantial portion to apex and refinancing institutions to enable payment of interest subvention claims submitted by banks, facilitating subsidy flow for eligible short-term agricultural borrowers in the current financial year.


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