2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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GoI has extended the benefit of 2% Interest Subvention (IS) to Banks and 3% Prompt Repayment Incentive (PRI) to all farmers upto which date?
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30 April 2020
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31 May 2020
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15 May 2020
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30 June 2020
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Explanation:
Detailed explanation-1: -Extends benefit of 2% Interest Subvention (IS) to Banks and 3% Prompt Repayment Incentive (PRI) to all farmers upto 31st May, 2020 for all crop loans upto Rs. 3 lakh given by banks due between 1st March and 31st May.
Detailed explanation-2: -Benefits Provided Under the Interest Subvention Scheme The interest subvention of 2% is provided to the MSMEs on the fresh/incremental amount of working capital sanctioned or new/incremental term loan disbursed by the eligible institutions.
Detailed explanation-3: -at the rate of 7% p.a. An additional 3% subvention (Prompt Repayment Incentive - PRI) is also given to the farmers for prompt and timely repayment of loans.
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