The Interest Subvention Scheme was launched by the government in the year 2006-07 to achieve high productivity and overall production in agricultural sector by providing credit to farmers at concessional rate of interest. The scheme is extended on yearly basis.
The objective of the scheme is to make available at ground level, agricultural credit for Short Term crop loans at an affordable rate to give a boost to agricultural productivity and production in the country.
The Government has earmarked approximately Rs 20,339 crores for interest subvention during 2017-18. The government has earmarked Rs 15,000 crore for 2018-19. Further the scheme will be implemented through the DBT mode from the current financial year
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