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[OLD] AGRICULTURE FINANCE
What is the definition of 'agriculture' for the purpose of priority sector lending in India?
Agriculture for priority sector includes both farm and non-farm activities such as crop cultivation, allied activities like animal husbandry, fisheries, forestry, and ancillary services directly related to agriculture.
What is the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme?
Income support of Rs 6,000 per year to farmer families.
What is the difference between direct and indirect agriculture finance by banks?
Direct finance refers to loans given directly to farmers for cultivation and allied activities, while indirect finance includes loans to input dealers, agri-processing units, and institutions supporting agriculture.
What is the minimum and maximum loan amount covered under PM Fasal Bima Yojana?
No minimum; maximum is based on sum insured per crop.
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