Central Govt. Subsidy On Loans To Farmers Jumps Over 5-fold To INR 1.3 Lakh Crore In 2014-2023 - Eastern Mirror
Monday, April 22, 2024
image
India

Central govt. subsidy on loans to farmers jumps over 5-fold to INR 1.3 lakh crore in 2014-2023

6091
By IANS Updated: Feb 29, 2024 10:47 am
Central govt. subsidy on loans to farmers jumps over 5-fold to INR 1.3 lakh crore in 2014-2023
Central govt. subsidy on loans to farmers jumps over 5-fold to INR 1.3 lakh crore in 2014-2023

NEW DELHI — There has been a more than 5-fold jump in the amount spent by the Prime Minister Narendra Modi-led government on extending loans at subsidised rates of interest to benefit farmers during the last 9 years compared to the previous 8-year period when the UPA government was in power, according to figures compiled by the Finance Ministry.

These Short Term Crop Loans/Kisan Credit Card are being given under the Modified Interest Subvention Scheme (MISS).

The amount spent by the Central government to extend loans to farmers at subsidised rates of interest shot up to INR 1,30,421.81 crore during the 9-year period from 2014-15 to 2022-23 compared from Rs. 24,525.89 crore that was spent during the 8-year period 2006-07 to 2013-14, the official figures show.

Year-wise allocation and expenditure is given in the following table:

6091
By IANS Updated: Feb 29, 2024 10:47:42 am
Website Design and Website Development by TIS