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Discussion :: National - Latest Current Affairs (Q.No.1134)

1134. 

GoI has extended the benefit of 2% Interest Subvention (IS) to Banks and 3% Prompt Repayment Incentive (PRI) to all farmers upto which date?

[A]. 30 April 2020
[B]. 31 May 2020
[C]. 15 May 2020
[D]. 30 June 2020

Answer: Option B

Explanation:

GoI has extended the benefit of 2% Interest Subvention (IS) to Banks and 3% Prompt Repayment Incentive (PRI) to all farmers up to 31 May 2020. The extension is applicable to the crop loans up to Rs.3 lakh given by banks which have become due or are becoming due between 1 March and 31 May 2020. The move comes in the wake of lockdown due to the ongoing COVID-19 pandemic.

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