GoI provide 3% Interest Subvention as Incentive to Farmers/Borrowers for repayment of crop loans on or before due date for the crop loans availed up to Rs.3.00 lakhs. 2% interest Subvention allowed on their own funds involved in the crop loans lent @7%. Up to Rs. 3.00 lakh per farmer.
Interest Rebate & Subsidy:
Govt. of A.P (unified) had extended 6% interest rebate to the farmers for prompt repayment of current instalments of LT/MT up to the year 2014-15. Further, a 2.5% interest subsidy scheme was also extended to the cooperative institutions on their own funds involved in disbursement of short-term crop production loans @ 7% concessional interest rate to the farmers. An amount of Rs.363,66,66,453.00 is receivable from the government to APCOB/DCCBs towards interest rebate and interest subsidy claim amounts for the period 2007-08 to 2014-15.
Further, an amount of Rs.151,21,68,159.14 (as on 31.03.2020) is payable by APCOB to government under various heads (ST loans for ACSF, MT Conversion loans, LT loans to DCCBs, Debentures etc.,) and APCOB had moved a proposal to the government for adjustment the amount of Rs. 151,21,68,159.14 payable to the Government from the balance amount of Rs. 363,66,66,453.00 due by the Government to the APCOB under interest rebate and Interest subsidy claims.
Government vide GO Rt No. 160 (attached) dated 26 March 2021 have considered and permitted APCOB to adjust amounts payable to Government by APCOB (Rs. 151,21,68,159.14) as against the pending dues payable to APCOB and DCCBs (Rs. 363,66,66,453.00) towards Interest rebate and Interest subsidy claims. The amounts adjusted to DCCBs/APCOB is enclosed.
|The Andhra Pradesh State Cooperative Bank Ltd.|
|Statement Showing DCCB wise amounts adjusted under Interest Rebate & Interest Subsidy dues|
|S. No.||Name of the DCC Bank||Amounts adjusted|
|Interest Rebate||Interest Subsidy|