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As directed by the Government of India and in pursuance of the budget announcement relating to the Interest Subvention Scheme the Scheme it is advised that Government of India has approved the implementation of the Scheme for the year for short term crop loans upto Rs 3 lakh with the following stipulations:. This benefit would not accrue to those farmers who repay after one year of availing such loans. Such restructured loans may attract normal rate of interest from the second year onwards as per the policy laid down by the RBI. Banks may give adequate publicity to the above scheme so that the farmers can avail the benefits. Any remaining claim pertaining to the disbursements made during the year and not included in the claim for March 31, , may be consolidated separately and marked as an 'Additional Claim' duly audited by Statutory Auditors certifying the correctness. We certify that the above loans for which the claim is being made were repaid in time and the benefit of additional 3 percent incentive subvention has already been passed on to the account holders, thereby bringing down the interest rate for such farmers to 4 per cent per annum for short term production credit up to Rs. Skip to main content.
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A commercial fisherman who admitted to once pillaging the oceans has won the Fuller Challenge, one of the most important prizes in sustainability. A high school dropout, Smith went to work various commercial fishing jobs, from Bristol Bay, Alaska, to Lynn, Massachusetts. By the time he was 19, he had already begun to realize the need to address overfishing, but it would be several years before he developed a model that would not have a detrimental environmental impact. Smith, based in New Haven, Connecticut, has now perfected a vertical ocean farming system that only grows restorative crops, such as seaweed and shellfish, to produce food, fertilizer, animal feed, cosmetics and biofuel. Each species is carefully selected to address a certain environmental challenge, such as fixing excess nitrogen, in the case of oysters, or seaweed that soaks up carbon dioxide.