{"id":4670,"date":"2020-03-31T07:41:43","date_gmt":"2020-03-31T07:41:43","guid":{"rendered":"https:\/\/ncrfrontlinenews.com\/?p=4670"},"modified":"2020-03-31T07:41:43","modified_gmt":"2020-03-31T07:41:43","slug":"good-news-for-farmers-govt-gives-benefits-on-crop-loan-repayments","status":"publish","type":"post","link":"https:\/\/ncrfrontlinenews.com\/?p=4670","title":{"rendered":"Good News For Farmers: Govt gives benefits on crop loan repayments"},"content":{"rendered":"<p><strong>New Delhi:<\/strong>\u00a0Amid the lockdown to curb COVID-19, farmers will continue to get short-term loan of up to Rs 3 lakh at a subsidised interest rate of seven per cent, and prompt repayers will get it at four per cent as the government extended the subsidy to banks till May 31.<\/p>\n<p>In a statement, the agriculture ministry said the interest subsidy has been extended to all crop loans of up to Rs 3 lakh given by banks which are due or will be due between March 1, 2020 and May 31, 2020.<\/p>\n<p>The decision comes as many farmers are not being able to go to banks for payment of their loan dues on account of restrictions imposed due to the lockdown,it said.<\/p>\n<p>Moreover, due to difficulties in timely sale and receipt of payment of their produce, farmers may face issues in repayment of loans which are due during this period, it added.<\/p>\n<p>Under the Interest Subvention Scheme, a subvention of two per cent per annum is provided for short-term crop loan of up to Rs 3,00,000 per farmer, provided the lending institutions make available short-term credit at the ground level at seven per cent per annum to farmers.<\/p>\n<p>An additional interest subvention of three per cent per annum is available to the \u201cprompt payee farmers\u201d, thus providing loans at 4 per cent per annum interest rate on timely repayment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi:\u00a0Amid the lockdown to curb COVID-19, farmers will continue to get short-term loan of up to Rs 3 lakh at a subsidised interest rate of seven per cent, and prompt repayers will get it at four per cent as the government extended the subsidy to banks till May 31. In a statement, the agriculture [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-4670","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"_links":{"self":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/4670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4670"}],"version-history":[{"count":1,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/4670\/revisions"}],"predecessor-version":[{"id":4672,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/4670\/revisions\/4672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/media\/4671"}],"wp:attachment":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}