New Delhi, 2 August: The Cabinet has approved continuation of the interest subvention scheme to provide short-term crop loans to farmers at affordable rates up to Rs 3 lakh at seven per cent per annum.
This scheme has already been extended to crop loans borrowed from private sector commercial banks in respect of loans given within the service area of the branch concerned.
An additional subvention of three per cent is being provided to those farmers who repay their loans on time.     sns