To boost liquidity in the farming sector, particularly among small and marginal farmers, the RBI on Thursday announced increasing the limit on collateral-free agriculture loans to Rs 1.6 lakh from Rs 1 lakh. In 2010, the collateral-free limit for crop loans and term loans was hiked from Rs 50,000 to Rs 1 lakh.
RBI NOTIFICATION FOR BANK ABOUT COLLATEREL FREE LOAN
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