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RBI has advised the banks to extend the benefit of Interest Subvention and Prompt Repayment Incentive to farmers


RBI has advised the banks to extend the benefit of Interest Subvention of 2% and Prompt Repayment Incentive (PRI) of 3% for short term crop loan upto Rs. 3 lakhs to farmers whose account have become due between 1st March, 2020 ànd 31st May, 2020.

Farmers whose loan repayment date lies between March 01, 2020 and May 31, 2020 can repay till end of May without any penal interest.

RBI Circular

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