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Agriculture loans News
Credit to industries up, marginal dip for agri loans: RBI
Sat, Sep 01, 2018
Credit to industry rose 0.3 per cent, with sub-sectors such as infrastructure, textiles, chemicals, food processing and engineering showing acceleration, while loans to basic metal and metal products, petroleum, coal products and nuclear fuels, cement and cement products and paper and paper products declined.
Farm loan waivers may give sleepless nights to banks with tractor loans
Tue, Apr 18, 2017
While tractor loans are not included in the State governments' loan waiver schemes, however no clarity on it could result in many farmers deferring repayment of tractor loans.
Rs 7.57 lakh crore farm credit disbursed in April-December of FY16
Tue, Apr 11, 2017
Farmers get short-term crop loans of up to Rs 3 lakh at subsidised interest of 7% per annum. For prompt repayment, they get additional incentive of 3%, making the effective interest rate 4%.
Indian tractor sales seen rising as regions waive farm loans
Wed, Apr 05, 2017
On Wednesday, Mahindra launched new tractor platform Jivo, aiming to boost its sales of small tractors.
SBI launches one-time settlement for agriculture loans
Tue, Mar 14, 2017
This is not the first time India's largest bank has given chance to its customers to repay loan via OTS route.