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]
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]
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]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Farm credit increased -Gargi Parsai

Farm credit increased -Gargi Parsai

Share this article Share this article
published Published on Feb 18, 2014   modified Modified on Feb 18, 2014
-The Hindu

 

 

Interest subvention retained, rice storage exempt from service tax

Lauding the "stellar performance" of the agriculture sector, Union Finance Minister P. Chidambaram on Monday announced a farm growth of 4.6 per cent in the current year, up from 3.1 per cent achieved during UPA-I.

He said the government set an agriculture credit target of Rs. 8 lakh crore for 2014-15, against Rs.7.35 lakh crore expected this year.

The interest subvention scheme for farm credit, introduced in 2006-07, would continue in the next fiscal. At present, interest rate on farm loan is 7 per cent, while it is 4 per cent for those who repay on time.

"There is a subvention of 2 per cent and an incentive of 3 per cent for prompt payment." Thus, the effective rate of interest on farm loans reduced to 4 per cent, "so far Rs. 23,924 crore has been released... I propose to continue the scheme in 2014-15," he said.

In a bonanza for millers, Mr. Chidambaram exempted the loading, unloading, packing, storage and warehousing of rice from service tax.


The Hindu, 18 February, 2014, http://www.thehindu.com/news/national/farm-credit-increased/article5700296.ece?homepage=true


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close