Extension of Interest Subvention Scheme

The Government of India has approved the implementation of the Interest Subvention Scheme for the year 2015-16 for short term crop loan up to INR 3lakh. Interest subvention of 2% will be made available to the public sector banks and private sector scheduled commercial banks (in respect of loan given by their rural and urban branches) on their own funds used for short term crop loan up to Rs 3lakhs.

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