CCEA extends repayment date for short term agri loans to 31 August1 min read . Updated: 01 Jun 2020, 11:56 PM IST
Decision influenced by the fact that many farmers are not able to travel to bank branches for payment of their short term crop loan dues during lockdown
The Union Cabinet chaired by Prime Minister Narendra Modi on Monday has given its approval to extend repayment date upto 31 August, 2020 for standard short-term loans up to ₹3 lakh advanced by banks for agriculture and allied activities. The facility is for loans that are due or shall become due between 1 March, 2020 and 31 August, 2020.
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