CrackitToday App

RBI Enhances Collateral-Free Loan for Farmers

Kumari Sonali

RBI Enhances Collateral-Free Loan for Farmers:

The Reserve Bank of India (RBI) has increased the collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh to support small and marginal farmers amidst rising input costs.Over 86% of farmers, primarily small and marginal landholders, are expected to benefit.Includes loans for allied agricultural activities, enabling income diversification.

...Read more on our test console

...Read these too

  • RBI Governor Secures

    RBI Governor Secures: Prime Minister of India recently congratulated Reserve Bank of India (RBI) Governor Shaktikanta Das for receiving an ‘A+’ rating in the Global Finance Central Banker Report Cards…

  • RBI vs Centre

    RBI vs Centre: The RBI-government relationship has often seen conflicts over autonomy and policy. As Shaktikanta Das’ tenure as RBI Governor ends, disputes over monetary policy echo past tensions.The tenure…

  • Duty-Free Quota-Free (DFQF) Scheme

    Duty-Free Quota-Free (DFQF) Scheme: According to a report by the least developed countries Group at the World Trade Organisation (WTO), the Duty-free quota-free (DFQF) scheme remains unutilized by the LDC…