Current Affairs - National - Discussion

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.