Financial Daily from THE HINDU group of publications
Friday, Jul 23, 2004
Financial Daily from THE HINDU group of publications Friday, Jul 23, 2004 |
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Money & Banking
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Farm credit Agri-Biz & Commodities - Farm credit Andhra Bank cuts farm loan rates Our Bureau
HYDERABAD: Andhra Bank has reduced the rate of interest to farmers by 50 basis points to 8.5 per cent for limits up to Rs 50,000. This would be particularly helpful to small and marginal farmers, the bank said in a press release here on Thursday. Andhra Bank is the convenor of the State Level Bankers, Committee (SLBC). According to the bank, the SLBC at its meeting convened recently has decided to proactively take steps to mitigate hardships of the farming community, especially in cases where breadwinner farmer has committed suicide. A task force by the bankers was also constituted to overview implementation of the relief measures, the release said.
More Stories on : Farm credit | Farm credit | Andhra Pradesh
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