Union Budget – 2016-17 (Interest Subvention Scheme)

The Reserve Bank of India (RBI) vide its letter reference No.RBI/2016-17/32 FIDD. CO.FSD.BC.No.9/05.02.001/2016-17 dated August 04, 2016 has informed all the Public & Private Sector Scheduled Commercial Banks that Government of India has approved the implementation of the Scheme for the year 2016-17 for short term crop loans upto Rs.3 lakh with prescribed stipulations.