July 12, 2010 9:04 AM

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Centre to provide subsidy on agricultural loans for their timely repayment

<br/>The Centre will provide subsidy on agricultural loans for their timely repayment. Inaugurating an agricultural credit camp at Raghunath Gunj in Mushirdabad district of West Bengal on Sunday, Union Finance Minister, Pranab Mukherjee said that the government will give two per cent subsidy to the farmers on agricultural credit for their timely repayment. Mr. Mukherjee said, the government will charge five per cent as interest instead of seven per cent for timely repayment of borrowings.<br/><br/>

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