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.
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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