Cabinet approved an interest subvention of 1.5 percent per annum on Short Term Agriculture Loan up to what amount?

• A. Rs 2 lakh
• B. Rs 3 lakh
• C. Rs 4 lakh
• D. Rs 1 lakh

Answer: (B)

The Union Cabinet chaired by Prime Minister Narendra Modi approved an interest subvention of 1.5 percent per annum on short-term agriculture loans up to Rs 3 lakh to ensure "adequate credit flow in the agriculture sector".