THE Centre on Monday unveiled a credit guarantee scheme (CGS) to help small farmers who engage in distress selling. Launched by Union Food and Consumer Affairs Minister Prahlad Joshi, the scheme provides a corpus of Rs 1,000 crore to help farmers, especially small and marginal, access post-harvest loans using electronic warehouse receipts.
"The scheme will revolutionise agriculture credit systems and reduce banks' reluctance to provide loans to farmers," said Joshi.
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