Loan waiver: GK, Current Affairs, Questions, Trivia and News

RBI proposes setting up of web portal for quick Agri Loans

The report of the RBI Internal Working Group to Review Agricultural Credit has recommended the Indian Banks’ Association to introduce a web portal on the lines of PSB Loans in 59 Minutes to allow quicker credit access for the agriculture sector. The RBI had announced the setting up of committee in February to review the ..

Haryana Government waivers interest, penalty on crop loans

In a major announcement before the upcoming state elections, the Haryana Government has waived over INR 4750 crores in interests and penalties on crop loans taken by farmers in Haryana. What has happened? The Chief Minister of Haryana announced a one-time waiver of Rs 4750 crores of the interest accrued on and the penalties levied ..

Farmers to avail loans directly from commercial banks

Farmers in Maharashtra who are yet to obtain loans from cooperative banks can now expect them from commercial banks. The state govt will soon take measures to assist Regional Rural Banks (RRBs) utilize the infrastructure of primary agriculture cooperative societies, which would distribute crop loans from commercial banks.To ensure availability of crop loans from commercial ..