RBI approves Rs 26,000 crore CCL for paddy procurement in Punjab

The Reserve Bank of India (RBI) has given approval to Rs 26,000-crore cash credit limit (CCL) for purchasing paddy in poll-bound Punjab, which came as a relief for SAD-BJP combine that struggled hard in the past for release of funds to buy foodgrain.
The Reserve Bank of India is India’s central banking institution, which controls the monetary policy of the Indian rupee.

So let’s discuss some questions related to this post:
1. The RBI has given approval to Rs 26,000-crore cash credit limit (CCL) to which state for the purchasing paddy in poll-bound?

Source – The Hindu

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