Govt in talks with banks to cut Kisan Credit Card interest subvention by 50 basis points
The Economic Times has reported a new India-focused policy development: “Govt in talks with banks to cut Kisan Credit Card interest subvention by 50 basis points.” The publisher's feed describes the story as follows: The government is discussing a 50 basis point reduction in interest subvention for Kisan Credit Card loans. This move aims to align subsidies with recent policy rate cuts by the Reserve Bank of India. Banks currently receive a 1.5% subsidy to offer loans at a 7% interest rate. Disc
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