RBI increases collateral free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh

Mumbai (Maharashtra) [India], December 6 (ANI): In a big relief to small and marginal farmers the Reserve Bank of India (RBI) on Friday has hiked the limit for collateral-free loans for agricultural farmers from Rs 1.66 lakh to Rs 2 lakh per borrower.

In his address after the completion of the Monetary Policy Committee (MPC) meeting, Governor Shaktikanta Das said that "taking into account the rise in agricultural input co