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Crop loans News

Indian Banking Association

05 Feb 2019

Kisan Credit Card: IBA issues guidelines to waive off processing fees

The Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window.

Crop loan repayment

28 Dec 2018

Govt mulls zero interest on timely crop loan repayment as new year gift

There is also a proposal to completely waive premium for taking insurance policy for food crops. The premium on horticultural crops could also be reduced, they said.

19 Jun 2017

Punjab CM Amarinder announces total waiver on crop loans for small, marginal farmers

Punjab Chief Minister Amarinder Singh on Monday announced total waiver of entire crop loans for small and marginal farmers in Punjab.

07 Jun 2017

Govt okays kharif MSP; decision secret amid farmers protest

The government on Wednesday approved higher support price of 14 kharif crops including paddy and pulses in a bid to provide comfort to farmers who begin sowing in full swing from next month.

Union Budget 2017

01 Feb 2017

Agri credit raised to record Rs 10 lakh crore in FY18

In a major thrust to agriculture, Finance Minister Arun Jaitley on Wednesday announced a whopping Rs 1 lakh crore hike in the credit target for the next fiscal to Rs 10 lakh crore as part of the government's efforts to double farm incomes in the next five years.

Loan to farmers

24 Jan 2017

Cabinet approves 60-day interest waiver on farm loans from cooperative banks

The Cabinet on Tuesday gave its ex-post facto approval to interest waive-off to farmers for November and December.

26 Dec 2016

RBI's New Year gift to farmers: Extends crop loan repayment by 60 days

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26 Dec 2016

Big relief for farmers: RBI gives additional 60 days to repay crop loans

In a major relief to farmers, they will now have 60 more days to repay their crop loans due for November-December as the Reserve Bank of India (RBI) on Monday gave them an additional time to repay.

05 Jul 2016

Good news for farmers! Cabinet approves extension of 3% interest subvention on crop loans

The Union Cabinet on Tuesday approved a proposal to extend a three percent interest subvention scheme to banks for the current fiscal to ensure farmers get short-term crop loans up to Rs 3 lakh at seven percent interest.

27 Jul 2015

Govt releases Rs 11,281 crore for settling farm claims

The government on Monday said it has released Rs 11,281 crore between April and July to NABARD to pay interest subvention claims to banks for short-term crop loans of up to Rs 3 lakh to farmers.

21 Jul 2015

Govt extends interest subvention on crop loans for farmers

The government on Tuesday extended the interest subvention scheme to banks to ensure availability of crop loans of up to Rs 3 lakh to farmers at 7 percent per annum.

10 Dec 2014

Govt nod for continuation of interest subsidy for crop loans

Government Wednesday approved the continuation of interest subvention for short-term crop loans up to Rs 3 lakh to farmers at 7 percent per annum.

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