Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Cabinet clears 5% interest subvention for crop loans    </title>
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-The Hindu

Scheme will continue for one year, be overseen by NABARD

Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh..."/>
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-The Hindu

Scheme will continue for one year, be overseen by NABARD

Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh..." />
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                            <div align="justify">-The Hindu<br /><br /><em>Scheme will continue for one year, be overseen by NABARD<br /></em><br />Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh will receive a subvention of 5%, effectively reducing the rate for farmers to 4%.<br /><br />The government has earmarked a sum of Rs. 20,339 crore for this. The interest subvention scheme will continue for one year and will be implemented by the National Bank for Agriculture and Rural Development (NABARD) and the Reserve Bank of India.<br /><br />&ldquo;The Central government will provide interest subvention of 5% per annum to all prompt payee farmers for short-term crop loan up to one year for loan up to Rs. 3 lakh borrowed by them during the year 2017-18,&rdquo; the government said in a statement. &ldquo;Farmers will thus have to effectively pay only 4% as interest.&rdquo;<br /><br />Farmers unable to repay the short-term crop loans on time will receive an interest subvention of 2%.<br /><br />The scheme has been running since 2006-07, under which farmers are eligible for interest subvention of 2% for crop loans of up to Rs. 3 lakh.<br /><br />&ldquo;Just an extension of the scheme would not make much of a difference unless the rate of subvention is substantially increased,&rdquo; D.K. Srivastava, chief policy adviser at EY India said. &ldquo;Since the distress is caused by an income failure, this would have a very small effect on the matter.&rdquo;<br /><br />Please <a href="http://www.thehindu.com/news/national/cabinet-clears-5-interest-subvention-for-crop-loans/article19050228.ece?homepage=true" title="http://www.thehindu.com/news/national/cabinet-clears-5-interest-subvention-for-crop-loans/article19050228.ece?homepage=true">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="http://www.thehindu.com/news/national/cabinet-clears-5-interest-subvention-for-crop-loans/article19050228.ece?homepage=true" class="re" target="_blank">The Hindu, 14 June, 2017, http://www.thehindu.com/news/national/cabinet-clears-5-interest-subvention-for-crop-loans/article19050228.ece?homepage=true</a><div class="clear"></div>
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Scheme will continue for one year, be overseen by NABARD

Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh..."/>
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    <h1 class="cat-box-title">Cabinet clears 5% interest subvention for crop loans</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Scheme will continue for one year, be overseen by NABARD<br /></em><br />Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh will receive a subvention of 5%, effectively reducing the rate for farmers to 4%.<br /><br />The government has earmarked a sum of Rs. 20,339 crore for this. The interest subvention scheme will continue for one year and will be implemented by the National Bank for Agriculture and Rural Development (NABARD) and the Reserve Bank of India.<br /><br />&ldquo;The Central government will provide interest subvention of 5% per annum to all prompt payee farmers for short-term crop loan up to one year for loan up to Rs. 3 lakh borrowed by them during the year 2017-18,&rdquo; the government said in a statement. &ldquo;Farmers will thus have to effectively pay only 4% as interest.&rdquo;<br /><br />Farmers unable to repay the short-term crop loans on time will receive an interest subvention of 2%.<br /><br />The scheme has been running since 2006-07, under which farmers are eligible for interest subvention of 2% for crop loans of up to Rs. 3 lakh.<br /><br />&ldquo;Just an extension of the scheme would not make much of a difference unless the rate of subvention is substantially increased,&rdquo; D.K. Srivastava, chief policy adviser at EY India said. &ldquo;Since the distress is caused by an income failure, this would have a very small effect on the matter.&rdquo;<br /><br />Please <a href="http://www.thehindu.com/news/national/cabinet-clears-5-interest-subvention-for-crop-loans/article19050228.ece?homepage=true" title="http://www.thehindu.com/news/national/cabinet-clears-5-interest-subvention-for-crop-loans/article19050228.ece?homepage=true">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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-The Hindu

Scheme will continue for one year, be overseen by NABARD

Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh..."/>
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Scheme will continue for one year, be overseen by NABARD

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    <h1 class="cat-box-title">Cabinet clears 5% interest subvention for crop loans</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Scheme will continue for one year, be overseen by NABARD<br /></em><br />Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh will receive a subvention of 5%, effectively reducing the rate for farmers to 4%.<br /><br />The government has earmarked a sum of Rs. 20,339 crore for this. The interest subvention scheme will continue for one year and will be implemented by the National Bank for Agriculture and Rural Development (NABARD) and the Reserve Bank of India.<br /><br />&ldquo;The Central government will provide interest subvention of 5% per annum to all prompt payee farmers for short-term crop loan up to one year for loan up to Rs. 3 lakh borrowed by them during the year 2017-18,&rdquo; the government said in a statement. &ldquo;Farmers will thus have to effectively pay only 4% as interest.&rdquo;<br /><br />Farmers unable to repay the short-term crop loans on time will receive an interest subvention of 2%.<br /><br />The scheme has been running since 2006-07, under which farmers are eligible for interest subvention of 2% for crop loans of up to Rs. 3 lakh.<br /><br />&ldquo;Just an extension of the scheme would not make much of a difference unless the rate of subvention is substantially increased,&rdquo; D.K. Srivastava, chief policy adviser at EY India said. &ldquo;Since the distress is caused by an income failure, this would have a very small effect on the matter.&rdquo;<br /><br />Please <a href="http://www.thehindu.com/news/national/cabinet-clears-5-interest-subvention-for-crop-loans/article19050228.ece?homepage=true" title="http://www.thehindu.com/news/national/cabinet-clears-5-interest-subvention-for-crop-loans/article19050228.ece?homepage=true">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="http://www.thehindu.com/news/national/cabinet-clears-5-interest-subvention-for-crop-loans/article19050228.ece?homepage=true" class="re" target="_blank">The Hindu, 14 June, 2017, http://www.thehindu.com/news/national/cabinet-clears-5-interest-subvention-for-crop-loans/article19050228.ece?homepage=true</a><div class="clear"></div>
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Home हिन्दी

Cabinet clears 5% interest subvention for crop loans

Published on Jun 15, 2017   Modified on Jun 15, 2017

-The Hindu Scheme will continue for one year, be overseen by NABARD Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh will receive a subvention of 5%, effectively reducing the rate for farmers to 4%. The government has earmarked a sum of Rs. 20,339 crore for this. The interest subvention scheme will continue for one year and will be implemented by the National Bank for Agriculture and Rural Development (NABARD) and the Reserve Bank of India. “The Central government will provide interest subvention of 5% per annum to all prompt payee farmers for short-term crop loan up to one year for loan up to Rs. 3 lakh borrowed by them during the year 2017-18,” the government said in a statement. “Farmers will thus have to effectively pay only 4% as interest.” Farmers unable to repay the short-term crop loans on time will receive an interest subvention of 2%. The scheme has been running since 2006-07, under which farmers are eligible for interest subvention of 2% for crop loans of up to Rs. 3 lakh. “Just an extension of the scheme would not make much of a difference unless the rate of subvention is substantially increased,” D.K. Srivastava, chief policy adviser at EY India said. “Since the distress is caused by an income failure, this would have a very small effect on the matter.” Please click here to read more.

The Hindu, 14 June, 2017, http://www.thehindu.com/news/national/cabinet-clears-5-interest-subvention-for-crop-loans/article19050228.ece?homepage=true

Tagged with: Debt Burden Farm Loan Farm Loans Interest subsidy Interest Subvention Scheme

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