Question

An interest subvention of how much percent was approved on short-term farm loans up to Rs 3 lakh to lending institutions for FY 2022-23 to 2024-25?

A 1% Correct Answer Incorrect Answer
B 1.5% Correct Answer Incorrect Answer
C 1.85% Correct Answer Incorrect Answer
D 2.10% Correct Answer Incorrect Answer
E 2.25% Correct Answer Incorrect Answer

Solution

An interest subvention of 1.5% was approved on short-term farm loans up to Rs 3 lakh. This amount will be given to lending institutions for FY 2022-23 to 2024-25. The 1.5% interest subvention for agriculture or farm sector aims to ensure adequate agriculture credit in rural economy.

Practice Next

Relevant for Exams:

×
×