(a) whether the Government of Bihar has requested for subvention of interest rates
for the restructured crop loans;
(b) if so, the details thereof; and
(c) the action taken by the Government in this regard so far?
(a) whether the Government of Bihar has requested for subvention of interest rates
for the restructured crop loans;
(b) if so, the details thereof; and
(c) the action taken by the Government in this regard so far?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a) to (c): In order to provide relief to farmers in drought affected areas, the Government of
India has issued instructions on 17.09.2012 to banks that in cases where short term crop loans
are restructured due to drought as per RBI guidelines, the interest subvention already available
for short term crop loans will continue to be available for the current financial year on the
full restructured amount. Such restructured loans will attract normal rate of interest from next
financial year onward as per the policy laid down by the RBI.