नवीनतम
RBI raises collateral-free agriculture loan limit
MUMBAI [Maha Media]: The Reserve Bank on Friday enhanced the collateral-free agriculture loans limit to Rs 2 lakh per borrower from the existing Rs 1.6 lakh in view of inflation and rise in farm input costs.
At present, banks are required to extend collateral-free agriculture loans up to Rs 1.6 lakh per borrower.
This limit was enhanced from Rs 1 lakh, set in the year 2010 to Rs 1.6 lakh in the year 2019.
