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?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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