Question

Under the Kisan Credit Card scheme, the interest subvention provided on short-term crop loans up to ₹3 lakh, combined with the additional Prompt Repayment Incentive available to farmers who repay on time, brings the effective rate of interest down to approximately:

A 2% per annum
B 7% per annum
C 9% per annum
D 12% per annum
E 4% per annum
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