TaxTMI 
TaxTMI 
Interest Subvention Scheme
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....nterest Subvention Scheme <br>News and Press Release<br>Dated:- 13-12-2011<br><BR>Press Information Bureau Government of India Ministry of Finance 13-December-2011 16:50 IST The Interest Subventio....
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....n Scheme is being implemented by the Government of India since 2006-07 to make short-term crop loans upto Rs. 3 lakh for a period of one year available to farmers at the interest rate of 7 percent per....
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.... annum. The Government of India has since 2009-10 been providing additional interest subvention to prompt payees farmers, i.e. those who repay their loan in time. The additional subvention was 1% in 2....
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....009-10 and 2% in 2010-11. This is being increased to 3% in 2011-12 This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Rajya ....
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....Sabha today. DSM/SS/Hb/SL<BR> News - Press release - PIB....