Our Bureau

Mumbai, April 28

THE Reserve Bank of India proposes to double the limit of loans to farmers under the post-harvest produce marketing scheme to Rs 10 lakh from Rs 5 lakh. This is under the priority sector lending, RBI said it in its annual policy statement released on Thursday.

RBI said that its expert committee would formulate a strategy for increasing investment in agriculture and submit its report next month.

The central bank is also planning to conduct a survey with the help of an outside agency to make an assessment of customer satisfaction on credit delivery in rural areas by banks. There is a realisation that there are increasing business opportunities in financing agriculture; banks are, therefore, urged to continue their efforts to step up credit to agriculture, it said.

(This article was published in the Business Line print edition dated April 29, 2005)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.