Question
The Interest Subvention Scheme on KCC given to Crop Loan
Farmers has been extended by the GoI to the KCC provided to Farmers of Animal Husbandry and Fisheries from ___?Solution
The GoI has extended the Interest subvention Scheme on KCC issued to crop loan farmers to the KCC issued to Animal Husbandry and Fisheries farmers from 2018-19. Interest subvention of 2% to banks and 3% to farmers towards Prompt Repayment incentive is extended on short-term loans up to Rs2 lakh to animal husbandry and fisheries farmers apart from the existing KCC for crop loans, provided the loans are extended by banks @7% per annum
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