Jaitley has proposed additional 3 percent interest subsidy on farm loans. He pegged the target of Rs 8 lakh crore farm credit in FY15
Finally some relief for farmers facing drought-like conditions in the country. The Narendra Modi government has decided to continue interest subvention for farmers. Laying out the roadmap for the economy in his maiden Budget, finance minister Arun Jaitley allocated Rs 100 crore for the agriculture infra fund.
The government also plans to finance 5 lakh landless farmers through NABARD. Jaitley has proposed additional 3 percent interest subsidy on farm loans. He pegged the target of Rs 8 lakh crore farm credit in FY15.
"We have allocated Rs 5,000 crore for farm warehousing plan," he told the House on Thursday.
Jaitley sees FY15 agri growth at 4 percent.
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