{"id":113433,"date":"2022-08-21T22:33:03","date_gmt":"2022-08-21T17:03:03","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=113433"},"modified":"2022-08-21T22:33:04","modified_gmt":"2022-08-21T17:03:04","slug":"cabinet-approves-interest-subvention-of-1-5p-a-on-agriculture-loan","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/cabinet-approves-interest-subvention-of-1-5p-a-on-agriculture-loan\/","title":{"rendered":"Cabinet approves interest subvention of 1.5%p.a. on agriculture loan"},"content":{"rendered":"\n<p>Cabinet has approved&nbsp;interest subvention of 1.5% on short term agriculture loan upto 3 lakh rupees.<\/p>\n\n\n\n<p>This increase in Interest Subvention support requires&nbsp;additional budgetary provisions of 34,856 crore rupees for the period of 2022-23 to 2024-25 under the scheme.<\/p>\n\n\n\n<p>Aim:&nbsp;To ensure the sustainability of credit flow in the agriculture sector as well as ensure financial health.<\/p>\n\n\n\n<p>Minister of Agriculture &amp; Farmers&#8217; Welfare:&nbsp;Narendra Singh Tomar<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cabinet has approved&nbsp;interest subvention of 1.5% on short term agriculture loan upto 3 lakh rupees. This increase in Interest Subvention support requires&nbsp;additional budgetary provisions of 34,856 crore rupees for the period of 2022-23 to 2024-25 under the scheme. Aim:&nbsp;To ensure the sustainability of credit flow in the agriculture sector as well as ensure financial health. 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