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    Question

    The Government provides interest subvention of 2% on

    short-term crop loans up to Rs.3.00 lakh, Presently, loan is available to farmers at an interest rate of _____ per annum on prompt repayment.
    A 9% Correct Answer Incorrect Answer
    B 7% Correct Answer Incorrect Answer
    C 4% Correct Answer Incorrect Answer
    D 3% Correct Answer Incorrect Answer
    E 0% Correct Answer Incorrect Answer

    Solution

    Extending the reach of institutional credit to more and more farmers is priority area of the Government and to achieve this goal, the Government provides interest subvention of 2% on short-term crop loans up to Rs.3.00 lakh. Presently, loan is available to farmers at an interest rate of 4% per annum on prompt repayment.

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