<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><span style="font-size: 12.8px;">Reserve Bank has said that interest subsidy scheme on short-term crop loans of up to three lakh rupees will be implemented through the direct benefit transfer mode from the current financial year. </span></div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">A RBI notification said the Centre has earmarked 15,000 crore rupees for 2018-19 towards interest subvention for short-term crop loans. The notification adds that the scheme will be required to be settled as applicable in Plan Scheme namely Scheduled Caste, Scheduled Tribe and North East Region among others. </div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"></div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">As per the scheme, farmers can avail of short-term crop loans of up to three lakh rupees at subsidised interest rate of seven percent that could go down to four percent on prompt repayment.</div>''<div class="yj6qo" style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"></div>''<div class="adL" style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div class="adL" style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>