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RBI announces modalities for 2% interest subvention for fisheries farmers

Tuesday, August 27, 2019, 8:19 AM

The RBI on August-26 announced modalities for providing 2% interest subsidy on short-term loans of up to Rs 2 lakh for farmers engaged in fisheries and animal husbandry through KCC. With this interest subvention, such farmers will get short-term loan of up to Rs.2-lakh at a concessional rate of 7%. The interest subsidy scheme is applicable for loans taken during 2018-19 and 2019-20.

How to Apply for Kisan Credit Card?

Friday, July 20, 2018, 9:51 AM

RBI along with National Bank for Agriculture and Rural Development (NABARD) initiated the concept of Kisan Credit Cards for farmers with credit needs. It offers farmers easy and affordable access to credit. Different banks issue different kinds of kisan credit cards. It is advisable to directly contact the nearest lender branch engaged in giving advances for agricultural purposes.

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