Release of Subvention Amount to Banks for implementation of Interest Subvention Scheme for Short Term Crop Loans to Farmers

The Government has allocated Rs.13,000 crore in the Union Budget, 2015-16 for implementation of the Interest Subvention Scheme for Short Term Crop Loans upto Rs. 3.00 lakh.

The Government has already released Rs.11,281.16 crore during the first four months of the current financial year, to RBI/NABARD, for payment of interest subvention claims to banks towards implementation of Interest Subvention Scheme of the Government for short term crop loans to farmers.

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