NABARD reduces rates of refinance to boost investment credit In - TopicsExpress

NABARD reduces rates of refinance to boost investment credit In response to growing demand by farmers and banks, NABARD has reduced the rate of interest by 20 basis points (bps) on their long term refinance facility to banks with an objective to promote investments in agriculture. The new rates are applicable from June 6, 2014. In addition, NABARD shall further give 50 basis points reduction for innovative agricultural activities, which enhance production and productivity. These activities among others include production under controlled conditions such as poly houses with water saving drip and fertigation facilities, precision farming, post-harvest management, etc. NABARD will also extend the 50 basis points rebate for supporting single purpose under area development schemes, mainly to benefit small and marginal farmers. Read full @ goo.gl/MitDwh

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