<h1>RBI Implements Loan Moratorium and Incentives for Farmers During COVID-19; Includes Special Liquidity for Rural Credit Flow.</h1> The Government and Reserve Bank of India (RBI) implemented measures to alleviate farmers' hardships during COVID-19. A six-month moratorium on term loans, including agricultural loans, was allowed until August 31, 2020, with a 2% Interest Subvention and 3% Prompt Repayment Incentive. The moratorium was not extended beyond this date due to potential impacts on the banking sector. Loans for allied activities like dairy and fishery could be resolved under a framework allowing a two-year moratorium. Relief measures for natural calamities were also outlined, and NABARD provided a Rs. 55,000 crore Special Liquidity Facility to enhance credit flow to rural financial institutions.