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Interest Subsidy for Agricultural Crop Loan

Objective of the Scheme

 Short term Agricultural  loan upto Rs.3.00 lakh is being provided at 0 % rate of interest and Rs.2.00 lakh for   Animal husbandry and Fisharies.   Medium and Long term Agricultural loan  upto Rs.10.00 lakh will be provided at 3 % rate of interest to farmers.  Interest subvention to the cooperative institution will be borne by the Government.

 The scheme of advancing loans to Self Help Groups in Karnataka at 4 % is being implemented from 01-04-2007. Government is providing interest subsidy to cooperative institutions in order to implement the scheme.

 During 2021-22, as on January 2022, 19548 groups have been provided Rs.729.91 Crore of loans with the loan outstanding of Rs.1626.73 crore from 78172 groups. As on January 2022, Rs.52.77 crore of interest subsidy has been released.

 

Last Updated: 21-02-2022 12:43 PM Updated By: Admin



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