(a) whether a rebate on loans is given to farmers depending on the repayment history
of their previous loan;
(b) if so, the details thereof;
(c) whether cases of have come up before the Government; and
(d) if so, the details thereof for the last three years and current year,thereon?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a) to (d): The Interest Subvention Scheme is being implemented by the Government
of India since 2006-07 to make short-term crop loans upto Rs. 3 lakh for a period
of one year available to farmers at the interest rate of 7 percent per annum.
The Government of India has since 2009-10 been providing additional interest
subvention to prompt payees farmers, i.e., those who repay their loan in time.
The additional subvention was 1% in 2009-10 and 2% in 2010-11. This is being
increased to 3% in 2011-12.