Govt pumps Rs 30,000 crore into Nabard, offers Rs 2-trn loan to farmers

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

Sanjeeb Mukherjee | New Delhi
Last Updated at May 14, 2020 23:18 IST

Water conservation: Nabard to help 1,00,000 villages before monsoon

The concessional loan programme, under which interest subvention is given on timely repayment of the crop loan, has been extended till May 31 for calculation of timely repayment tenure

The government on Thursday decided to extend additional refinance support of Rs 30,000 crore to the National Bank for Agriculture and Rural Development (Nabard). This will be used to push liquidity through regional rural banks (RRBs) and co-operative institutions, and expand the ongoing drive to enlist 25 million new farmers for concessional credit as part of its Covid-19 relief package.

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