Purpose of Interest Subvention Scheme - Agronomy

Q.  Which of the following statements are correct?

1. Under Interest Subvention Scheme ,banks has to provide interest concession of up to 2 percent on short term crop loans amounting to INR 3 lakh rupees.
2. Additional subvention of 3% will be there for farmers repaying the loan promptly from its date of disbursement during the fiscal 2015-2016.
3. Only public sector banks are able to provide Interest Subvention under this scheme.
- Published on 18 Aug 15

a. 1,2
b. 2,3
c. 1,3
d. All of the above

ANSWER: 1,2
 
The Union Government extended the scheme to PSBs, private commercial banks, regional rural banks, NABARD and cooperative banks.

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