Farm Crop Loans

Interest subvention on KCC crop loan to continue in FY23, FY24: RBI

The government of India has approved the continuation of the Interest Subvention Scheme (ISS) with modification for the financial years 2022-23 and 2023-24, RBI said

Revive cooperative banks to extend more long-term loans to farmers: Shah

Union Minister Amit Shah on Saturday urged Agricultural and Rural Development Banks (ARDBs) to extend more long-term loans to the agriculture sector, including for irrigation and other infrastructure

Rahul writes to FM seeking relief to farmers on repayment of crop loans

Congress leader Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging her to extend the moratorium on repayment of short-term.crop loans by farmers to December 31, 2021. Gandhi also sought waiver of all penal interest on such loans. He highlighted that farmers across the country are facing acute financial distress due to the pandemic. The former Congress chief said his parliamentary constituency Wayanad in Kerala is home to a significant number of small and marginal farmers growing cash crops. He said large parts of Kerala were devastated by two consecutive years of flooding in 2018 and 2019. "Just as the farmers were on their road to recovery, the Covid pandemic struck. This has severely heightened agrarian distress. Currently, farmers avail short-term crop loans at a concessional rate under the interest subvention scheme. "However, factors including multiple lockdowns, disruptions in the supply chain and limited market access have severely affected farm .

This duo quit cushy jobs in US to help Indian farmers access formal credit

Their fintech Jai Kisan facilitates rightly-priced credit to rural borrowers engulfed in the cobwebs of informal money lenders, micro-financiers and loan sharks

Govt pumps Rs 30,000 crore into Nabard, offers Rs 2-trn loan to farmers

Brings 25 million farmers under concessional loan scheme; experts say these measures do nothing to address basic problem of low farm prices and falling demand

RBI asks banks to continue with incentives on crop loans, govt to foot bill

Many farmers couldn't visit banks to pay dues on short-term crop loans in the wake of the Covid-19 lockdown and restrictions on movement of people

Farmers can continue to avail special interest rate till May 31, says RBI

This will be applicable for short-term crop loans of up to Rs 3 lakh per farmer, the RBI said

Govt extends crop loan interest benefits for farmers till May 31

The government has extended the benefit of 2 per cent interest subvention (IS) to banks and 3 per cent prompt repayment incentive (PRI) for all crop loans up to Rs 3 lakh given by banks

Is agriculture credit being used for the right purpose? RBI questions

Points to data showing its diversion and uneven distribution across many states

Kerala floods: Rahul writes to RBI Governor Das, seeks relief for farmers

Kerala has witnessed the worst floods in over a century

Farmers can avail crop loans up to Rs 3 lakh at subsidised rate of 7%: RBI

However, this interest rate could go down to 4% on prompt repayment; Aadhaar linkage mandatory