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Interest subvention scheme News

25 May 2017

Farm subvention scheme on crop loans to continue at 7%

The Reserve Bank on Thursday said farmers will continue to get short-term crop loan of up to Rs 3 lakh at subsidised interest rate of 7 per cent and the rate could go down to 4 per cent if they repay promptly in 2017-18.

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.

18 Nov 2015

Govt announces 3% interest subsidy to boost exports

Concerned over continuous decline in exports, government on Wednesday announced 3 percent interest subsidy scheme for exporters which will have a financial implication of about Rs 2,700 crore.

India's Exports

09 Aug 2015

Commerce Ministry moves Cabinet note on interest subvention scheme

To give a fillip to exports, the Commerce Ministry has moved a Cabinet note on a proposal to provide cheaper credit access to exporters from various sectors under the interest subvention scheme.

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.

India's Exports

17 Jul 2015

Govt to soon announce interest subvention scheme for exporters

Concerned over a continuous decline in exports, the government on Friday said it will soon announce an interest subsidy scheme for exporters.

Interest subvention scheme

20 Aug 2014

Govt to raise 5% interest subvention scheme by 5-fold for poor

In a move to make finance cheaper for weaker sections of the society, the government will soon be massively expanding the eligibility cap for the 5 percent interest subvention scheme to Rs 5 lakh from the current Rs 1 lakh, a top official said on Wednesday.

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