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Home News India

Direct Support, Liquidity Support to Farmers and Rural economy provided post COVID-19 : FM Sitharaman

by Janam Web Desk
May 14, 2020, 04:27 pm IST
in India

New Delhi: Union Finance Minister Nirmala Sitharaman on Thursday said that Direct Support to Farmers and Rural economy provided post COVID-19 as part of Atmanirbhar Bharat Package.

3 crore farmers with agricultural loans of Rs 4.22 lakhs crore availed the benefit of 3 months loan moratorium.
Interest Subvention and Prompt Repayment Incentive on crop loans, due from 1st March, extended up to 31st May,2020.

25 lakh new Kisan Credit Cards sanctioned with a loan limit of Rs 25,000 crore.

63 lakh loans of Rs 86,600 crore approved in Agriculture between March 1 to April 30. Refinancing of Rs 29,500 crore provided by NABARD, to Cooperative Banks and Regional Rural Banks in March 2020.

A support of Rs 4,200 crore provided under Rural Infrastructure Development Fund to States during March, 2020 for rural infrastructure. Working capital limit of Rs 6,700 crore sanctioned for procurement of agriculture produce to State Government entities since March 2020.

The Finance Minister is briefing the media on the special package announced by Prime Minister Narendra Modi.

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