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Maharashtra CM Uddhav Thackeray asks Centre to restore 2 pc interest subvention scheme for farmers
Updated On: 30 May, 2022 05:58 PM IST | Mumbai | PTI
This interest subvention scheme was especially helpful to cooperative banks which have a larger connect with farmers, says Maharashtra chief minister

CM Uddhav Thackeray. File Photo
Maharashtra Chief Minister Uddhav Thackeray on Monday urged the Centre to restore the 2 per cent interest subvention facility for farmers which was withdrawn last year, saying the measure was required to protect the interest of cultivators.
In a letter to Union Agriculture Minister Narendra Singh Tomar, Thackeray said a circular of the farm ministry and NABARD (National Bank for Agriculture and Rural Development) earlier this year stated that the 2 per cent interest subvention scheme for short-term crop loan has been modified and it has been conveyed that the benefit of the subsidy will not be available from fiscal 2022-23.


