RBI raises collateral-free agricultural loan limit to ₹2 lakh to aid farmers amid rising costs.

The Reserve Bank of India has increased the limit for collateral-free agricultural loans from ₹1.6 lakh to ₹2 lakh per borrower to help small and marginal farmers cope with rising costs and inflation. This change aims to enhance credit availability and follows a previous increase in 2019. The RBI will issue a separate circular to notify the enhancement scheme.

4 months ago
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