RBI Boosts Financial Inclusion with Raised Collateral-Free Agriculture Loan Limit
The Reserve Bank of India (RBI) has increased the collateral-free agriculture loan limit from Rs 1.6 lakh to Rs 2 lakh to support small and marginal farmers. Announced after the Monetary Policy meeting on Friday, the move aims to enhance financial inclusion. Additionally, small finance banks can now extend pre-sanctioned credit lines via UPI to … Read more