{"id":173826,"date":"2020-06-01T19:15:56","date_gmt":"2020-06-01T19:15:56","guid":{"rendered":"http:\/\/punjabpost.in\/welcome\/?p=173826"},"modified":"2020-06-01T19:29:41","modified_gmt":"2020-06-01T19:29:41","slug":"cabinet-approves-extension-of-repayment-date-of-short-term-loans-for-agriculture-and-allied-activities","status":"publish","type":"post","link":"https:\/\/punjabpost.in\/welcome\/173826","title":{"rendered":"Cabinet approves extension of repayment date of short term loans for agriculture and allied activities"},"content":{"rendered":"<p><span style=\"color: #ff0000;\"><strong>Due between 1st March, 2020 and 31st August, 2020<\/strong>&nbsp;<\/span><br \/>\nNew Delhi, June 1 (Punjab Post Bureau) &#8211; The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has <img loading=\"lazy\" decoding=\"async\" class=\"wp-image-149736 size-full alignright\" src=\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/06\/Kissan1.jpg\" alt=\"\" width=\"600\" height=\"359\" srcset=\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/06\/Kissan1.jpg 600w, https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/06\/Kissan1-300x180.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/>given its approval to extend repayment date upto 31.08.2020 for Standard Short-Term loans upto Rs.3 lakh advanced for agriculture and allied activities by banks, which have become due or shall become due between 1st March, 2020 and 31st August, 2020 with continued benefit of 2% Interest Subvention (IS) to Banks and 3% Prompt Repayment Incentive (PRI) to farmers.<\/p>\n<p>&nbsp;<strong>Benefit:<\/strong><\/p>\n<p>Extension of repayment date upto 31.08.2020 for Standard Short-Term loans upto Rs.3 lakh for agriculture and allied activities by banks falling due between 1st March, 2020 and 31st August, 2020 with continued benefit of 2% IS to Banks and 3% PRI to farmers, shall help the farmers to repay\/renew such loans upto the extended repayment date of 31.08.2020 at 4% p.a., interest without attracting any penalty and thus help them in avoiding travelling to banks for such renewal during this COVID pandemic period.<\/p>\n<p>&nbsp;<strong>Background<\/strong><\/p>\n<p>Govt. is providing concessional Standard Short-Term Agri-loans to farmers through banks with 2% p.a, interest subvention to banks and 3% additional benefit on timely repayment to farmers thus providing loans upto Rs,3 lakh at 4% p.a. interest on timely repayment.<\/p>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; In the wake of lockdown due to ongoing Covid 19 pandemic, there have been restrictions imposed on movement of people. Many farmers are not able to travel to bank branches for payment of their short term crop loan dues. Moreover, due to restrictions on movement of people, difficulty in timely sale, receipt of payment of their produce and the necessity of adhering to social distancing norms, farmers are finding it difficult to arrange the amount to be deposited for renewal and are unable to visit the banks to deposit and draw fresh loans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Due between 1st March, 2020 and 31st August, 2020&nbsp; New Delhi, June 1 (Punjab Post Bureau) &#8211; The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to extend repayment date upto 31.08.2020 for Standard Short-Term loans upto Rs.3 lakh advanced for agriculture and allied activities by banks, which have &hellip;<\/p>\n","protected":false},"author":1,"featured_media":149736,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[26,11],"tags":[],"class_list":["post-173826","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-articles","category-english"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cabinet approves extension of repayment date of short term loans for agriculture and allied activities | Punjab Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/punjabpost.in\/welcome\/173826\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet approves extension of repayment date of short term loans for agriculture and allied activities | Punjab Post\" \/>\n<meta property=\"og:description\" content=\"Due between 1st March, 2020 and 31st August, 2020&nbsp; New Delhi, June 1 (Punjab Post Bureau) &#8211; The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to extend repayment date upto 31.08.2020 for Standard Short-Term loans upto Rs.3 lakh advanced for agriculture and allied activities by banks, which have &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/punjabpost.in\/welcome\/173826\" \/>\n<meta property=\"og:site_name\" content=\"Punjab Post\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/punjabpost.in\/welcome\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-01T19:15:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-01T19:29:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/06\/Kissan1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"359\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ppadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ppadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/punjabpost.in\/welcome\/173826\",\"url\":\"https:\/\/punjabpost.in\/welcome\/173826\",\"name\":\"Cabinet approves extension of repayment date of short term loans for agriculture and allied activities | Punjab Post\",\"isPartOf\":{\"@id\":\"https:\/\/punjabpost.in\/welcome\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/punjabpost.in\/welcome\/173826#primaryimage\"},\"image\":{\"@id\":\"https:\/\/punjabpost.in\/welcome\/173826#primaryimage\"},\"thumbnailUrl\":\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/06\/Kissan1.jpg\",\"datePublished\":\"2020-06-01T19:15:56+00:00\",\"dateModified\":\"2020-06-01T19:29:41+00:00\",\"author\":{\"@id\":\"https:\/\/punjabpost.in\/welcome\/#\/schema\/person\/e389e50e8970b30f10352199927e8693\"},\"breadcrumb\":{\"@id\":\"https:\/\/punjabpost.in\/welcome\/173826#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/punjabpost.in\/welcome\/173826\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/punjabpost.in\/welcome\/173826#primaryimage\",\"url\":\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/06\/Kissan1.jpg\",\"contentUrl\":\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/06\/Kissan1.jpg\",\"width\":600,\"height\":359,\"caption\":\"File Photo\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/punjabpost.in\/welcome\/173826#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/punjabpost.in\/welcome\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cabinet approves extension of repayment date of short term loans for agriculture and allied activities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/punjabpost.in\/welcome\/#website\",\"url\":\"https:\/\/punjabpost.in\/welcome\/\",\"name\":\"Punjab Post\",\"description\":\"Daily Online Newspaper &amp; Print Media\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/punjabpost.in\/welcome\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/punjabpost.in\/welcome\/#\/schema\/person\/e389e50e8970b30f10352199927e8693\",\"name\":\"ppadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/punjabpost.in\/welcome\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7de9dc8774d44f6f6d7f7356a7a2363a4bd97c4f20720cdf463fc758fe348441?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7de9dc8774d44f6f6d7f7356a7a2363a4bd97c4f20720cdf463fc758fe348441?s=96&d=mm&r=g\",\"caption\":\"ppadmin\"},\"url\":\"https:\/\/punjabpost.in\/welcome\/author\/ppadmin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cabinet approves extension of repayment date of short term loans for agriculture and allied activities | Punjab Post","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/punjabpost.in\/welcome\/173826","og_locale":"en_US","og_type":"article","og_title":"Cabinet approves extension of repayment date of short term loans for agriculture and allied activities | Punjab Post","og_description":"Due between 1st March, 2020 and 31st August, 2020&nbsp; New Delhi, June 1 (Punjab Post Bureau) &#8211; The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to extend repayment date upto 31.08.2020 for Standard Short-Term loans upto Rs.3 lakh advanced for agriculture and allied activities by banks, which have &hellip;","og_url":"https:\/\/punjabpost.in\/welcome\/173826","og_site_name":"Punjab Post","article_publisher":"https:\/\/www.facebook.com\/punjabpost.in\/welcome\/","article_published_time":"2020-06-01T19:15:56+00:00","article_modified_time":"2020-06-01T19:29:41+00:00","og_image":[{"width":600,"height":359,"url":"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/06\/Kissan1.jpg","type":"image\/jpeg"}],"author":"ppadmin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ppadmin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/punjabpost.in\/welcome\/173826","url":"https:\/\/punjabpost.in\/welcome\/173826","name":"Cabinet approves extension of repayment date of short term loans for agriculture and allied activities | Punjab Post","isPartOf":{"@id":"https:\/\/punjabpost.in\/welcome\/#website"},"primaryImageOfPage":{"@id":"https:\/\/punjabpost.in\/welcome\/173826#primaryimage"},"image":{"@id":"https:\/\/punjabpost.in\/welcome\/173826#primaryimage"},"thumbnailUrl":"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/06\/Kissan1.jpg","datePublished":"2020-06-01T19:15:56+00:00","dateModified":"2020-06-01T19:29:41+00:00","author":{"@id":"https:\/\/punjabpost.in\/welcome\/#\/schema\/person\/e389e50e8970b30f10352199927e8693"},"breadcrumb":{"@id":"https:\/\/punjabpost.in\/welcome\/173826#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/punjabpost.in\/welcome\/173826"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/punjabpost.in\/welcome\/173826#primaryimage","url":"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/06\/Kissan1.jpg","contentUrl":"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/06\/Kissan1.jpg","width":600,"height":359,"caption":"File Photo"},{"@type":"BreadcrumbList","@id":"https:\/\/punjabpost.in\/welcome\/173826#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/punjabpost.in\/welcome\/"},{"@type":"ListItem","position":2,"name":"Cabinet approves extension of repayment date of short term loans for agriculture and allied activities"}]},{"@type":"WebSite","@id":"https:\/\/punjabpost.in\/welcome\/#website","url":"https:\/\/punjabpost.in\/welcome\/","name":"Punjab Post","description":"Daily Online Newspaper &amp; Print Media","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/punjabpost.in\/welcome\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/punjabpost.in\/welcome\/#\/schema\/person\/e389e50e8970b30f10352199927e8693","name":"ppadmin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/punjabpost.in\/welcome\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7de9dc8774d44f6f6d7f7356a7a2363a4bd97c4f20720cdf463fc758fe348441?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7de9dc8774d44f6f6d7f7356a7a2363a4bd97c4f20720cdf463fc758fe348441?s=96&d=mm&r=g","caption":"ppadmin"},"url":"https:\/\/punjabpost.in\/welcome\/author\/ppadmin"}]}},"_links":{"self":[{"href":"https:\/\/punjabpost.in\/welcome\/wp-json\/wp\/v2\/posts\/173826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/punjabpost.in\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/punjabpost.in\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/punjabpost.in\/welcome\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/punjabpost.in\/welcome\/wp-json\/wp\/v2\/comments?post=173826"}],"version-history":[{"count":1,"href":"https:\/\/punjabpost.in\/welcome\/wp-json\/wp\/v2\/posts\/173826\/revisions"}],"predecessor-version":[{"id":173827,"href":"https:\/\/punjabpost.in\/welcome\/wp-json\/wp\/v2\/posts\/173826\/revisions\/173827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/punjabpost.in\/welcome\/wp-json\/wp\/v2\/media\/149736"}],"wp:attachment":[{"href":"https:\/\/punjabpost.in\/welcome\/wp-json\/wp\/v2\/media?parent=173826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/punjabpost.in\/welcome\/wp-json\/wp\/v2\/categories?post=173826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/punjabpost.in\/welcome\/wp-json\/wp\/v2\/tags?post=173826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}