Business Daily from THE HINDU group of publications
Monday, Apr 30, 2007
ePaper
Business Daily from THE HINDU group of publications Monday, Apr 30, 2007 ePaper |
|
|
|
|
|
|
|
Agri-Biz & Commodities
-
Agricultural Institutions Money & Banking - Credit Policy Nabard employees hail credit policy measures Our Bureau
Kolkata April 29 The All-India Nabard Employees Association has welcomed some of the steps announced in Reserve Bank of India's recent credit policy . These include making bank loans available to small and marginal farmers by liberalising some of the conditionalities and introduction of a credit guarantee scheme for distressed farmers. Bank boards have been advised to lay down internal principles and procedures so that usurious interest, processing and other charges are not levied. "Though the notion of usurious interest rates has not been clearly defined by RBI, nevertheless it can be seen as the recognition of a principal problem afflicting the micro-finance sector," Mr Jose T. Abraham, vice-president of the association, said in a release. He is, however, upset that the credit policy has not paid much attention to the problems facing the farming front, especially the issue of making credit available to farmers at an affordable cost, particularly when farmer suicides are on the rise. Also, no steps were announced to augment the low-cost resource base of Nabard.
More Stories on : Agricultural Institutions | Credit Policy | Trade & Labour Unions
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|