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RBI asks banks to provide short-term crop loans at lower rate

Last Updated: Thursday, August 13, 2015, 20:31

The Reserve Bank on Thursday asked all banks to provide interest concession of 2 percent on short term crop loans of up to Rs 3 lakh to farmers.

Govt releases Rs 11,281 crore for settling farm claims

Last Updated: Monday, July 27, 2015, 21:30

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.

Govt extends interest subvention on crop loans for farmers

Last Updated: Tuesday, July 21, 2015, 23:14

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.

Govt nod for continuation of interest subsidy for crop loans

Last Updated: Wednesday, December 10, 2014, 23:23

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.

Govt clears interest subvention scheme for farmers

Last Updated: Friday, August 2, 2013, 15:24

The estimated budgetary implication of this scheme for 2013-14 is Rs 15,385 crore, Manish Tewari added.

EGoM to consider slashing interest rate on crop loans

Last Updated: Monday, September 3, 2012, 20:06

One of the major proposals is on interest subvention on crop loan, especially those rescheduled as term loan due to drought in some states, the source added.

Pawar to take up issue of co-op banks facing closure with FM

Last Updated: Monday, March 5, 2012, 16:09

With over 70 districts cooperative banks facing cancellation of licences, Agriculture minister Sharad Pawar Monday said he would take up the matter with the Finance Minister as the move could have a negative impact on disbursement of crop loans.

Crop loans in 2011-12 likely to be Rs 50,000 cr: NABARD chief

Last Updated: Monday, September 26, 2011, 22:20

Crop loans of about Rs 50,000 crore are likely to be sanctioned in the current fiscal, NABARD Chairman Prakash Bakshi said Monday.

Bihar farmers to get crop loans at lower rate

Last Updated: Thursday, June 17, 2010, 21:41

Farmers in Bihar would now get crop loans at an interest rate of four per cent, three per cent less than what they paid, Deputy Chief Minister-cum-Finance Minister S K Modi said today.