step one.5% interest subvention towards the quick-identity agri financing of up to Rs step 3 lakh: Govt
West Bengal aims to double exports from farming allied products by the 2030
The newest Relationship Case chaired because of the Best Minister Narendra Modi to your Wednesday accepted an appeal subvention of just one.5 per cent per annum towards the small-term farming mortgage as much as Rs step 3 lakh to be sure “enough borrowing from the bank circulate about agriculture sector”.
“Hence, Interest Subvention of just one.5 percent will be given in order to financing institutions (Personal Field Banking companies, Individual Business Financial, Brief Fund Finance companies, Regional Outlying Financial institutions, Cooperative Banking institutions and you can Automatic PACS really ceded that have industrial financial institutions) on the financial year 2022-23 so you can 2024-25 to own financing temporary agri-money upto Rs 3 lakh towards the farmers,” said a proper statement. Read more
