December 14, 2024 2:01 PM

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RBI increases collateral-free agricultural loan limit from Rs 1.6 to Rs 2 lakh

The Reserve Bank of India has announced an increase in the limit for collateral-free agricultural loans from 1.6 lakh to 2 lakh rupees. It will be effective from 1st January next year.   In a statement, the Agriculture and Farmers Welfare Ministry said that this decision acknowledges the impact...