Commodity Superfast: Cabinet Approves Interest Subvention Of 1.5% On Short Term Agri Loan Up To Rs 3 Lakh

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the restoration of interest subvention of 1.5 per cent on short term agriculture loans for all financial institutions for lending short term agri-loans upto Rs 3 lakh to the farmers. The government says that this decision has been taken to ensure adequate credit flow in the agriculture sector.