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RBI raises collateral-free agricultural loan limit to Rs 2 lakh
The Business Guardian
|December 15, 2024
The Reserve Bank of India (RBI) has announced an increase in the limit for collateral-free agricultural loans; this will be increased from Rs 1.6 lakh per borrower to Rs 2 lakh, effective from January 1, 2025.
According to the Ministry of Agriculture and Farmers Welfare, this decision is aimed at addressing the rising input costs and the growing financial challenges faced by farmers, particularly amid inflationary pressures on agricultural inputs.
The new policy allows farmers to access loans for agricultural activities, including allied sectors, without the need to provide collateral or meet margin requirements.
Bu hikaye The Business Guardian dergisinin December 15, 2024 baskısından alınmıştır.
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