Crop loans: Private banks get interest subvention booster

COIMBATORE/MANGALORE, FEB. 28:  

Crop loan borrowers, who were hitherto getting credit from nationalised banks, can now turn to private banks too for support.

The Finance Minister’s announcement extending interest subvention on short-term crop loans to private banks would make crop loan rates from these banks competitive. This will also ensure them a level-playing field along with their public sector counterparts.

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