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HomeBusinessRBI increases limit for collateral-free agriculture loansĀ 

RBI increases limit for collateral-free agriculture loansĀ 

RBI increases limit for collateral-free agriculture loansĀ 

Taking into account the rise in agricultural input costs and overall inflation, the RBI has decided to increase the limit for collateral-free agriculture loans from ā‚¹1.6 lakh to ā‚¹2 lakh per borrower. ā€œThis will further enhance credit availability for small and marginal farmers,ā€ Governor Shaktikanta Das said. The limit for collateral-free agriculture loans was last revised in 2019.Ā 

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