New Enroll in RBI Grade B New Batch - Starts on May 21

    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.

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