https://www.taxtmi.com/news?id=3658 Priority sector lending requires 40% of ANBC (or credit equivalent) to priority sectors with an agriculture sub target of 18% of ANBC; these norms now also cover foreign banks with twenty or more branches. The Government sets an annual agriculture credit target for institutional lending. Support measures comprise the Interest Subvention Scheme for short term crop loans at concessional rates with additional prompt payee incentives, RBI advice to waive margins/security for small agricultural loans, and the Agricultural Debt Waiver and Debt Relief Scheme to clear farmer indebtedness and restore fresh loan eligibility. en-us Thu, 23 Aug 2012 11:33:55 +0530 Thu, 23 Aug 2012 11:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3658 Priority sector lending requires 40% of ANBC (or credit equivalent) to priority sectors with an agriculture sub target of 18% of ANBC; these norms now also cover foreign banks with twenty or more branches. The Government sets an annual agriculture credit target for institutional lending. Support measures comprise the Interest Subvention Scheme for short term crop loans at concessional rates with additional prompt payee incentives, RBI advice to waive margins/security for small agricultural loans, and the Agricultural Debt Waiver and Debt Relief Scheme to clear farmer indebtedness and restore fresh loan eligibility. News - Thu, 23 Aug 2012 11:33:55 +0530 https://www.taxtmi.com/news?id=3658