• About Us
  • Privacy Policy
  • Contact
Mortgage Insurance Center
  • Home
  • Mortgages
  • Health Insurance
  • Home Insurance
  • Life insuranace
  • Finance Laws
    • Banking Laws
    • Assets
    • Interest Rate
    • Loans
No Result
View All Result
  • Home
  • Mortgages
  • Health Insurance
  • Home Insurance
  • Life insuranace
  • Finance Laws
    • Banking Laws
    • Assets
    • Interest Rate
    • Loans
No Result
View All Result
Mortgage Insurance Center
No Result
View All Result
Home Loans

Maharashtra CM writes to Centre, seeks continuation of 2% interest subvention scheme for short-term crop loans

by Staff
May 30, 2022
in Loans
0
Maharashtra CM writes to Centre, seeks continuation of 2% interest subvention scheme for short-term crop loans
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Chief minister Uddhav Thackeray on Monday wrote to Union agriculture minister Narendra Singh Tomar requesting for continuation of the 2 per cent interest subvention scheme for short-term crop loans in Maharashtra. Thackeray stated that the discontinuation of the interest subvention scheme is likely to impact 70 lakh farmers in the state.

Thackeray referred to the recent circulars of the Ministry of Agriculture and Farmers Welfare and NABARD through which the scheme has been modified stating that its benefits would not be available from the financial year 2022-23.

“This will have an adverse impact on financial position of the Cooperative Banks and in turn, it will have serious negative impact on the distribution of short term crop loan to the farmers in the State,” said Thackeray in the letter. The issue was discussed in the state-level bankers’ committee meeting on Monday and the decision to request the Union government to restore the scheme was taken.

He further said that the interest subvention scheme was specially helpful to the Cooperative Banks, which have larger connect to the farmers.

Best of Express Premium
UPSC Key – May 30, 2022: Why and What to know about ‘Mission Karamyogi’ t...Premium
Explained: Mona Lisa — widely loved, frequently attackedPremium
Explained: Kashi Vishwanath in Sangh focus — first in 1959, but rarely th...Premium
ExplainSpeaking: What to look for in Provisional GDP estimates for 2021-22?Premium

“At present, Cooperative Banks/District Central Cooperative Banks (DCCBs) in the State are offering interest rate on deposits ranging from 3 to 7.75% p.a. These banks are also required to maintain statutory reserves e.g. CRR, SLR & other financial parameters as per RBI guidelines. Considering these factors, DCCBs in the State find it difficult to lend to farmers at 7% interest without interest subvention from the Central Government,” he added.

Thackeray further said that considering all above factors, there is an immediate need to review the decision of withdrawal of interest subvention. “I sincerely urge the Government of India that to protect the interest of farmers, the interest subvention facility which was available till the year 2021-22 may be continued further,” he added.



[ad_2]

Source link

Previous Post

Equity Release Supermarket hires two advisers

Next Post

Opinion: To fix Canadian health care, let’s try the Dutch model

Next Post
Opinion: To fix Canadian health care, let’s try the Dutch model

Opinion: To fix Canadian health care, let’s try the Dutch model

Popular Posts

Ajanta Pharma : Newspaper Advertisements
Life insuranace

Taiming Assurance Broker : Announcement on behalf of the major subsidiary Link-Aim Life Insurance Broker Co.,LTD. to distribute dividends.

by Staff
July 28, 2022
0

Close Provided by: TAIMING ASSURANCE BROKER CO.,LTD. SEQ_NO 4 Date of...

Read more

Taiming Assurance Broker : Announcement on behalf of the major subsidiary Link-Aim Life Insurance Broker Co.,LTD. to distribute dividends.

20% interest rate on credit cards! Here’s how to avoid paying those high rates :: WRAL.com

Sens. Murphy, Blumenthal, Colleagues Reintroduce the Behavioral Health Coverage Transparency Act – InsuranceNewsNet

$1 billion in loans still available for agricultural funding in Ohio

How Long Do Car Accidents Stay on Your Record?

Rocket Mortgage Classic Wagers: Pick To Finish Top-10

Load More

Popular Posts

Ajanta Pharma : Newspaper Advertisements

Taiming Assurance Broker : Announcement on behalf of the major subsidiary Link-Aim Life Insurance Broker Co.,LTD. to distribute dividends.

by Staff
July 28, 2022
0

The perks and pitfalls of adjustable-rate mortgages in 2022

by Staff
June 13, 2022
0

Propy introduces blockchain title and escrow service

Propy introduces blockchain title and escrow service

by Staff
May 26, 2022
0

Ajanta Pharma : Newspaper Advertisements

Taiming Assurance Broker : Announcement on behalf of the major subsidiary Link-Aim Life Insurance Broker Co.,LTD. to distribute dividends.

July 28, 2022

20% interest rate on credit cards! Here’s how to avoid paying those high rates :: WRAL.com

July 28, 2022
Edelweiss General Insurance launches India’s first on-demand, mobile telematics-based comprehensive motor insurance – SWITCH

Sens. Murphy, Blumenthal, Colleagues Reintroduce the Behavioral Health Coverage Transparency Act – InsuranceNewsNet

July 28, 2022

Categories

  • Assets
  • Banking Laws
  • Finance Laws
  • Health Insurance
  • Home Insurance
  • Interest Rate
  • Life insuranace
  • Loans
  • Mortgages

Tags

home loans mortgage personal loan
  • Privacy Policy
  • contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • About Us
  • contact us
  • Home
  • Home 2
  • Home 3
  • Privacy Policy

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.