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:
India is set to consider to making the Advanced Emergency Braking Systems (AEBS) mandatory in…
Indian Space Research Organization (ISRO), the NVS-03 navigation satellite will be launched on October 30ht…
The Ajanta Caves, which are located inside a horseshoe-shaped gorge in Maharashtra, contain some of…
The Ministry of Communications, from the Department of Telecommunications (DoT) has notified the Telecommunications (Regulatory…
The 33rd edition of the bilateral maritime exercise between Singapore and India (SIMBEX-2026) commenced on…
Venerable folk artist Devadas Chimakode has won the prestigious annual honorary award of Karnataka Janapada…