September 6, 2012 8:14 PM
Centre approves continuation of interest subsidy to PSB’s for providing short term loans to farmers at 7%
The Union Cabinet today gave its approval to continue interest subvention to Public Sector Banks (PSBs), Regional Rural Banks (RRBs), Cooperatives Banks and NABARD to enable them to provide short-term crop loans up to Rs 3 lakh to farmers at 7% p.a. during the year 2012-13. It also decided to provid...