The 1.5 percent interest subvention will be provided to lending institutions for the financial year 2022-23 to 2024-25 for providing short-term agri loans of up to Rs 3 lakh to farmers.
The interest subvention is given to public sector banks (PSBs), private lenders, cooperative banks and regional rural banks (RRBs) on use of own funds and to Nabard for refinance for RRBs and cooperative banks.
Hisar, Oct 15: Punjab National Bank today launched agricultural loan campaign for farmers here today, aiming to disburse nearly Rs 4,000 crore of loans to four lakh peasants across the nation over the next 45
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