Multiple choice

As announced in the Budget 2006-07 the Crop loan Credit to the farmers will be given at the rate of 7% upto a loan limit of:

  1. Rs 1 lakh

  2. Rs 2 lakhs

  3. Rs 3 lakhs

  4. Rs 4 lakhs

  5. Rs 5 lakhs
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In the Union Budget 2006-07, the Indian government announced that short-term crop loans up to Rs 3 lakh would be provided to farmers at a concessional interest rate of 7% per annum. This was a major step to provide relief to the agricultural sector.

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