The Reserve Bank of India has enhanced the loan limit from Rs 50 lakh to Rs 75 lakh per borrower against the pledge/hypothecation of agricultural produce backed by Negotiable Warehouse Receipts (NWRs)/electronic-NWRs(e-NWRs) issued by the warehouses registered and regulated by Warehousing Development and Regulatory Authority (WDRA).
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The Priority Sector loan limit backed by other Warehouse Receipts will continue to be ₹50 lakh per borrower. The circular in this regard will be issued separately. With a view to encourage farm credit to individual farmers against pledge/hypothecation of agricultural produce and leverage the inherent safety of NWRs/(e-NWRs) issued by warehouses registered and regulated by WDRA.
Important takeaways for all competitive exams:
SSC, Banking, Railways, and state-level exams serve as stepping stones to securing prominent government jobs.…
India's development journey after independence required a strong and structured approach to economic growth. The…
In 2024, India has witnessed an unprecedented surge in the number of billionaires, with 94…
Every year, July 11th is observed as World Population Day, a global initiative to highlight…
January is a month full of important national and international days. These days are celebrated…
The digital space in India has been significant growth in 2024, with influencers becoming powerful…