Central Govt Subsidy On Loans To Farmers Jumps Over 5-Fold To Rs 1.3 Lakh Crore In 2014-2023
Date
2/28/2024 11:31:33 PM
(MENAFN- IANS) New Delhi, Feb 29 (IANS) 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 Rs. 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:
MENAFN28022024000231011071ID1107914512
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.