: http://pib.nic.in/newsite/PrintRelease.aspx?relid=187304Specific Doubt is this: What is the Interest to be paid by Prompt Payees?
It is written that Central Govt. will provide 5% additional subvention to Prompt Payees
This means, Prompt Payees would get the loan at 7-5= 2% effective rate, right?
But in the document it is written that Prompt Payee Farmers will get it at Effectively 4%?
Please provide clear explanation in 4-5 lines, covering specific Interests Slabs.