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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's statement on developmental and regulatory policies that enhanced borrowing limit for farmers a...

RBI to set up panel to undertake comprehensive review of ARCs SECTIONS Last Updated: Apr 07, 2021, 01:11 PM IST Share Synopsis After enactment of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of these companies. Agencies In the latest Budget, Finance Minister Nirmala Sitharaman announced setting up of Asset Reconstruction Company and Asset Management Company to tackle stressed assets. To facilitate...

URL copied RBI to set up panel to undertake review of ARCs. To facilitate smooth functioning of Asset Reconstruction Companies (ARCs), the Reserve Bank of India (RBI) on Wednesday (April 7) decided to set up a panel to undertake a comprehensive review of the working of such institutions. In the latest Budget, Union Finance Minister Nirmala Sitharaman announced setting up of ARC and Asset Management Company to tackle stressed assets. After enactment of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act in 2002, regulatory gui...

As Farmer Protest Crosses 100-Day-Mark, What Should We Expect from the Face-Off in Election Season?  It is unlikely that anything will happen before the announcement of election results, but the recommendations of the SC-appointed committee may offer a clue as to what the Centre will do. Farmers block a highway to mark 100 days of their ongoing protests against new farm laws, along the Delhi-Haryana border near New Delhi, Saturday, March 6, 2021. Photo: PTI Government08/Mar/2021 On March 6, 2021, the farmers’ agitation on the borders of Delhi completed 100 days. There is no indication...

In an effort to strengthen post-harvest supply chain across the country and ensure better returns to the farmers in a big way, the central government is working on a comprehensive plan of creating a world class storage system and ...