Cooperative Credit System.

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..... Cooperative Credit System.
News and Press Release
Dated:- 4-5-2012

Press Information Bureau Government of India Ministry of Finance 04-May-2012 16:51 IST Cooperative Credit System T .....

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..... he Interest Subvention Scheme is being implemented by the Government of India since 2006-07 to make short term crop loans upto Rs. 3 lakh for a period of one year available to farmers at the interest .....

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..... rate of 7% per annum. Interest Subvention is provided to Public Sector Banks, Regional Rural Banks and Cooperative Banks to meet the difference between the cost of their own funds and the lending rate .....

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..... s on such loans. The Government has released Rs.1356.64 crore to cooperative banks through NABARD towards Interest Subvention between 2006-07 and 2010-11. This information was given by the Minister o .....

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..... f State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today. ***** SS/GN
News - Press release - PIB .....

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