https://www.taxtmi.com/news?id=12413 The Union Government set an increased Agriculture credit target for 2014-15, directing banks to expand lending to meet the national objective and signalling that the current year's target will be exceeded. The existing interest subvention scheme will continue, providing a 2 percent subvention plus a 3 percent prompt repayment incentive that reduces the effective interest rate on eligible farm loans to 4 percent; a substantial amount has already been released under the scheme. en-us Mon, 17 Feb 2014 12:42:31 +0530 Mon, 17 Feb 2014 12:42:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12413 The Union Government set an increased Agriculture credit target for 2014-15, directing banks to expand lending to meet the national objective and signalling that the current year's target will be exceeded. The existing interest subvention scheme will continue, providing a 2 percent subvention plus a 3 percent prompt repayment incentive that reduces the effective interest rate on eligible farm loans to 4 percent; a substantial amount has already been released under the scheme. News - Mon, 17 Feb 2014 12:42:31 +0530 https://www.taxtmi.com/news?id=12413