Page 5 - Priority Sector News Today

RBI allows farmers enhanced loan on produce pledges ​ By IANS | ​ 3 Views Farmer. (File Photo: IANS). Image Source: IANS News Mumbai, April 7 : With a view to encourage farm credit, the RBI on Wednesday decided to enhance the loan limit for individual farmers. Individual farmers will now be eligible for an enhanced loan amount of Rs 75 lakh from banks against the pledge or hypothecation of agricultural produce. The borrowing limit under the scheme was earlier capped at Rs 50 lakh. As per ...

RBI extends fresh support of ₹50,000 crore to NABARD, NHB, SIDBI Updated: Updated: Regulator announces committee to strengthen ARCs Share Article Regulator announces committee to strengthen ARCs The RBI on Wednesday announced various developmental and regulatory policy measures on liquidity management and support to targeted sectors, to help mitigate the impact of the pandemic and help in economic revival. The central bank decided to extend freshsupport of ₹50,000 crore to the All India Fin...

RBI extends priority sector classification for bank loans to NBFCs again RBIs monetary policy announcement: What is expected? In August 2019, the Reserve Bank of India (RBI) had permitted banks to classify lending to registered non-banking finance companies (NBFCs) as Priority Sector lending (PSL). Now, the banking regulator has decided to extend it by another six months. During the bi-monetary policy, RBI, Governor, Shaktikanta Das stated this classification will be extended for another six mo...

A.B. Vijayakumar joins as Executive Director, Bank of Maharashtra A.B. Vijayakumar joined as Executive Director, Bank of Maharashtra (BoM) on 10th March, 2021. Before joining BoM, Vijayakumar was Chief Vigilance Officer at Indian Overseas Bank from 1 st April 2020. Prior to joining Indian Overseas Bank he worked as Chief Vigilance Officer in erstwhile Corporation Bank and prior to that heworked as Chairman of Madhya Pradesh Gramin Bank also. Vijayakumar started his banking career from joining B...

CS reviews credit flow, progress of banks under ANBA CS reviews credit flow, progress of banks under ANBA Excelsior Correspondent JAMMU, Jan 22: Chief Secretary B V R Subrahmanyam today commended the banks for their performance under AtmaNirbhar Bharat Abhiyan, Back to Village Programme and various other initiatives taken by the Central and UT Government. Chief Secretary made these remarks while chairing the 2nd Meeting of J&K Union Territory Level Bankers’ Committee (UTLBC) meeting. The mee...

NABARD projects credit potential 15.46% higher than the previous year SECTIONS Share Synopsis The theme of the State Focus Paper 2021-22 is “Collectivization of Agricultural Produce for enhancing Farmer’s Income”. Sarbananda Sonowal, Chief Minister Assam inaugurated the State Credit Seminar 2021 and unveiled the State Focus Paper 2021-22 prepared by NABARD. Agencies Saha, however, expressed his concern that credit to agriculture is showing a declining trend as per data published by SLBC,...

Banks achieve 72% Kharif loan target Updated: Updated: ₹10,791 crore disbursed as agri term loans Share Article ₹10,791 crore disbursed as agri term loans Banks in Telangana lent ₹22,936 crore in the first six months (April-September) this fiscal for Vanakalam (Kharif) crop season thus achieving 71.82% of the target. Overall, 43% of the short term production (crop) loan target, including for the ongoing Rabi season, had been achieved. These numbers were shared following the State Leve...

Healthcare costs. >> right now there are a um ways to get student loans, one through the bank and the government gives it unpretty well. >> a guarantee. >> the other is through the government making it come from the government, eliminating option two. people are upset of that, talking government takeover. is that just politics? >> im going to tell you something ive never said before on television. i dont know. they think its reform and there have been allegations about financial misdoings involv...