Release of Subvention Amount to Banks for implementation of Interest Subvention Scheme for Short Term Crop Loans to Farmers

The Government has allocated ₹ 13,000 crore in the Union Budget, 2015-16 for implementation of the Interest Subvention Scheme for Short Term Crop Loans upto ₹ 3.00 lakh.

 The Government has already released ₹ 11,281.16 crore during the first four months of the current financial year, to RBI/NABARD, for payment of interest subvention claims to banks towards implementation of Interest Subvention Scheme of the Government for short term crop loans to farmers.