Kisan Credit Card set for overhaul; 4 big changes that could impact farmers’ access to credit
Under the existing structure, farmers receive a highly subsidised loan, with the Government of India providing an interest subvention of 2% and a prompt repayment incentive of 3%, effectively bringing the interest rate down to 4% per annum.
Under the existing structure, farmers receive a highly subsidised loan, with the Government of India providing an interest subvention of 2% and a prompt repayment incentive of 3%, effectively bringing the interest rate down to 4% per annum.
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