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Question

Cabinet approved an interest subvention of 1.5 percent per annum on Short Term Agriculture Loan up to what amount?

Options:
A .  Rs 2 lakh
B .  Rs 1 lakh
C .  Rs 3 lakh
D .  Rs 4 lakh
Answer: Option C
The Union Cabinet chaired by Prime Minister Narendra Modi approved an interest subvention of 1.5 percent per annum on short-term agriculture loans up to Rs 3 lakh to ensure "adequate credit flow in the agriculture sector".

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