Interest Subvention to Public Sector Banks (PSBs), Private Sector Banks, Cooperative Banks and Regional Rural Banks (RRBs) and to NABARD for refinance to RRBs and Cooperative Banks for providing short-term crop loan to farmers at interest rate of 7 per cent per annum

Interest Subvention to Public Sector Banks (PSBs), Private Sector Banks, Cooperative Banks and Regional Rural Banks (RRBs) and to NABARD for refinance to RRBs and Cooperative Banks for providing short-term crop loan to farmers at interest rate of 7 per cent per annum https://www.taxtmi.com/news?id=11460 Continuation of the interest subvention scheme provides subsidised short-term crop loans through PSBs, private banks, cooperative banks, RRBs and via NABARD refinance, extends coverage to private bank branch service areas, maintains the principal subvention rate for eligible short-term crop loans, and adds a timely-repayment incentive reducing effective interest for punctual borrowers; it also temporarily extends subvention to Kisan Credit Card loans against Negotiable Warehouse Receipts for post-harvest finance and notes the scheme's budgetary implication and raised agricultural credit flow target. en-us Fri, 02 Aug 2013 16:51:39 +0530 Fri, 02 Aug 2013 16:51:39 +0530 TaxTMI RSS Generator Interest Subvention to Public Sector Banks (PSBs), Private Sector Banks, Cooperative Banks and Regional Rural Banks (RRBs) and to NABARD for refinance to RRBs and Cooperative Banks for providing short-term crop loan to farmers at interest rate of 7 per cent per annum https://www.taxtmi.com/news?id=11460 Continuation of the interest subvention scheme provides subsidised short-term crop loans through PSBs, private banks, cooperative banks, RRBs and via NABARD refinance, extends coverage to private bank branch service areas, maintains the principal subvention rate for eligible short-term crop loans, and adds a timely-repayment incentive reducing effective interest for punctual borrowers; it also temporarily extends subvention to Kisan Credit Card loans against Negotiable Warehouse Receipts for post-harvest finance and notes the scheme's budgetary implication and raised agricultural credit flow target. News - Fri, 02 Aug 2013 16:51:39 +0530 https://www.taxtmi.com/news?id=11460