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RBI raises collateral-free agri loan limit to ₹2 lakh to help farmers
Financial Express Chandigarh
|December 15, 2024
HUGE RELIEF
The Reserve Bank of India (RBI) has enhanced the collateral-free loan limit for farmers from ₹1.6 lakh to ₹2 lakh, effective January 1, 2025, a move aimed at supporting small and marginal farmers amid rising input costs.
The new directive instructs banks nationwide to waive collateral and margin requirements for agricultural and allied activity loans up to ₹2 lakh per borrower.
Denne historien er fra December 15, 2024-utgaven av Financial Express Chandigarh.
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FLERE HISTORIER FRA Financial Express Chandigarh
Financial Express Chandigarh
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