Farmers can continue to avail special interest rate till May 31, says RBI
This will be applicable for short-term crop loans of up to Rs 3 lakh per farmer, the RBI said
 "Farmers can continue to avail special interest rate till May 31, says RBI")
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The Reserve Bank of India (RBI) on Tuesday said farmers can continue to avail interest rate subvention of 2 per cent and preferential rate of interest of 3 per cent till May 31 for short-term loan installments falling due between March 1 and May 31, to help farmers not able to travel to bank branches for payment of their short term crop loan dues.
This will be applicable for short-term crop loans of up to Rs 3 lakh per farmer, the RBI said.
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