Steps taken by Government to facilitate Credit access to Farmers

Steps taken by Government to facilitate Credit access to Farmers https://www.taxtmi.com/news?id=27077 RBI raised the collateral-free agriculture lending ceiling and encouraged use of Credit Information Reports in bank appraisals, while the Department of Financial Services advised waiving processing and service charges for smaller Kisan Credit Card and crop loans. The Kisan Credit Card operates as an overdraft with one-time documentation, built-in limit escalation, multiple drawals and ATM-enabled RuPay cards; loan assessment follows land, crop and scale of finance set by District Level Technical Committees or State Level Bankers' Committees, and restructuring permits further need-based loans under bank eligibility. en-us Mon, 18 Dec 2023 17:49:08 +0530 Mon, 18 Dec 2023 17:49:08 +0530 TaxTMI RSS Generator Steps taken by Government to facilitate Credit access to Farmers https://www.taxtmi.com/news?id=27077 RBI raised the collateral-free agriculture lending ceiling and encouraged use of Credit Information Reports in bank appraisals, while the Department of Financial Services advised waiving processing and service charges for smaller Kisan Credit Card and crop loans. The Kisan Credit Card operates as an overdraft with one-time documentation, built-in limit escalation, multiple drawals and ATM-enabled RuPay cards; loan assessment follows land, crop and scale of finance set by District Level Technical Committees or State Level Bankers' Committees, and restructuring permits further need-based loans under bank eligibility. News - Mon, 18 Dec 2023 17:49:08 +0530 https://www.taxtmi.com/news?id=27077