https://www.taxtmi.com/news?id=1585 Union budget proposals raise the agricultural credit target and direct banks to increase direct lending to agriculture, prioritising small and marginal farmers. The existing interest subvention scheme for short term crop loans is continued with an enhanced additional subvention to lower effective interest rates for eligible borrowers. The government proposes phased capital infusion into the national rural refinancing institution and a contribution to a Short Term Rural Credit Fund to enable concessional refinance of cooperative credit institutions and Regional Rural Banks, funded from shortfalls in priority sector lending. en-us Mon, 28 Feb 2011 13:59:15 +0530 Mon, 28 Feb 2011 13:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1585 Union budget proposals raise the agricultural credit target and direct banks to increase direct lending to agriculture, prioritising small and marginal farmers. The existing interest subvention scheme for short term crop loans is continued with an enhanced additional subvention to lower effective interest rates for eligible borrowers. The government proposes phased capital infusion into the national rural refinancing institution and a contribution to a Short Term Rural Credit Fund to enable concessional refinance of cooperative credit institutions and Regional Rural Banks, funded from shortfalls in priority sector lending. News - Mon, 28 Feb 2011 13:59:15 +0530 https://www.taxtmi.com/news?id=1585