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Farm Crop Loans

Haryana waives crop loan interest in Budget; will discuss farmer issues: BKS

Updated On: 23 Feb 2024 | 11:37 PM IST

The government of India has approved the continuation of the Interest Subvention Scheme (ISS) with modification for the financial years 2022-23 and 2023-24, RBI said

Updated On: 24 Nov 2022 | 1:14 AM IST

Union Minister Amit Shah on Saturday urged Agricultural and Rural Development Banks (ARDBs) to extend more long-term loans to the agriculture sector, including for irrigation and other infrastructure

Updated On: 16 Jul 2022 | 5:25 PM IST

Congress leader Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging her to extend the moratorium on repayment of short-term.crop loans by farmers to December 31, 2021. Gandhi also sought waiver of all penal interest on such loans. He highlighted that farmers across the country are facing acute financial distress due to the pandemic. The former Congress chief said his parliamentary constituency Wayanad in Kerala is home to a significant number of small and marginal farmers growing cash crops. He said large parts of Kerala were devastated by two consecutive years of flooding in 2018 and 2019. "Just as the farmers were on their road to recovery, the Covid pandemic struck. This has severely heightened agrarian distress. Currently, farmers avail short-term crop loans at a concessional rate under the interest subvention scheme. "However, factors including multiple lockdowns, disruptions in the supply chain and limited market access have severely affected farm .

Updated On: 30 Jul 2021 | 2:18 AM IST

Their fintech Jai Kisan facilitates rightly-priced credit to rural borrowers engulfed in the cobwebs of informal money lenders, micro-financiers and loan sharks

Updated On: 28 Jul 2020 | 4:19 PM IST

Brings 25 million farmers under concessional loan scheme; experts say these measures do nothing to address basic problem of low farm prices and falling demand

Updated On: 14 May 2020 | 11:18 PM IST

Many farmers couldn't visit banks to pay dues on short-term crop loans in the wake of the Covid-19 lockdown and restrictions on movement of people

Updated On: 22 Apr 2020 | 11:30 PM IST

This will be applicable for short-term crop loans of up to Rs 3 lakh per farmer, the RBI said

Updated On: 22 Apr 2020 | 12:01 AM IST

The government has extended the benefit of 2 per cent interest subvention (IS) to banks and 3 per cent prompt repayment incentive (PRI) for all crop loans up to Rs 3 lakh given by banks

Updated On: 30 Mar 2020 | 8:14 PM IST

Points to data showing its diversion and uneven distribution across many states

Updated On: 16 Sep 2019 | 1:15 AM IST

Kerala has witnessed the worst floods in over a century

Updated On: 14 Aug 2019 | 4:30 PM IST

However, this interest rate could go down to 4% on prompt repayment; Aadhaar linkage mandatory

Updated On: 16 Aug 2017 | 11:02 PM IST