Updated on June 8, 2020
In view of the extension of moratorium by another three months, i.e., up to August 31, 2020, Government has decided to continue the availability of 2% Interest Subvention and 3% Prompt repayment Incentive (PRI) to farmers for the extended period of repayment up to August 31, 2020, or date of repayment, whichever is earlier. This benefit will be applicable to all short term loans for Agriculture and Animal Husbandry, Dairy, and Fisheries (AHDF) up to ₹3 lakh per farmer (upto ₹2 lakh for AHDF(Animal Husbandry, Dairy and Fisheries (AHDF) farmers.
Reserve Bank of India vide. its circular RBI/2019-20/48 DD.CO.FSD.BC.No.10/05.02.001/2019-20 dated August 26,
According to the
The KCC limit for farmers involved in animal husbandry and fisheries is a separate KCC facility on a maximum limit of ₹ 2 lakh short term loan. This is apart from the existing KCC for crop loan, at a concessional interest rate of 7% per annum during the years 2018-19 and 2019-20 at a concessional interest rate of 7% per annum during the years 2018-19 and 2019-20. However, the farmers who are already having KCC (crop loan) and involved in animal husbandry & fisheries activities, can avail a sub-limit for such activities. The total limit for crop and animal husbandry/fisheries is ₹ 3 lakh per annum and subject to a maximum limit of ₹ 2 lakh per farmer involved in activities only related to animal husbandry
Aadhar linkage is mandatory for the