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Daily Archives: August 26, 2019

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Interest subvention scheme for short-term Crop loans 2019-20

Loans and advances, Priority Sector AdvancesBy Surendra NaikAugust 26, 201914 Comments

The Reserve Bank of India (RBI) on Monday (26.08.2019) announced modalities for providing 2 per cent interest subsidy on short-term loans of up to Rs 2 lakh for farmers engaged in fisheries and animal husbandry through Kisan Credit Card (KCC). With this interest subvention, such farmers will get short-term loan of up to Rs 2…

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