Rural Loans Interest Rates

Mudra loan offerings are made to refinance for micro units to commercial banks, NBFCs, regional rural banks and cooperative banks and micro finance institutions (MFIs).

The Supreme Court has said that provision of the Banking Regulation Act, 1949, that prohibits courts from examining the reasonableness of rate of interests charged by banks, will not operate in states with debt relief laws for agriculturists.

The finance minister promised to increase government funding for farmers, who have been hard hit by the currency ban, with a 60-day waiver on interest for agricultural loans.

The Reserve Bank of India (RBI) on Tuesday directed public sector banks to provide credit to women self-help groups at the rate of 7 per cent per annum so as to get the benefit of interest subvention scheme under the Swarnajayanti Gram Swarozgar Yojana-Aajeevika (SGSY) scheme.

Tamil Nadu Chief Minister J Jayalalithaa has opposed the revision of interest rate for the Rural Infrastructure Development Fund (RIDF), saying that the Reserve Bank of India's (RBI) move will force states to reduce investment in this area, which is vital for inclusive development.

Mudra loan offerings are made to refinance for micro units to commercial banks, NBFCs, regional rural banks and cooperative banks and micro finance institutions (MFIs).

The Supreme Court has said that provision of the Banking Regulation Act, 1949, that prohibits courts from examining the reasonableness of rate of interests charged by banks, will not operate in states with debt relief laws for agriculturists.

The finance minister promised to increase government funding for farmers, who have been hard hit by the currency ban, with a 60-day waiver on interest for agricultural loans.

The Reserve Bank of India (RBI) on Tuesday directed public sector banks to provide credit to women self-help groups at the rate of 7 per cent per annum so as to get the benefit of interest subvention scheme under the Swarnajayanti Gram Swarozgar Yojana-Aajeevika (SGSY) scheme.

Tamil Nadu Chief Minister J Jayalalithaa has opposed the revision of interest rate for the Rural Infrastructure Development Fund (RIDF), saying that the Reserve Bank of India's (RBI) move will force states to reduce investment in this area, which is vital for inclusive development.