Farm loans up to ₹2 lakh to be collateral free: RBI

| 14 Dec 2024 2:55 PM IST

The Reserve Bank of India (RBI) has asked all banks to waive collateral, mortgage and any margin deposits against farm loans up to a limit of ₹2 lakh, the central bank said on Saturday. The new rule will be applicable from January 2025.

Tags: Farm LoansRBI

Categories: Business & Economy

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An expert in visual journalism, Sandhya creates engaging news articles through infographics at Newsographics. With a background in journalism and graphic design, she transforms complex data into accessible visual stories. Her work enhances reader engagement and promotes understanding of important topics. Passionate about visual storytelling, she advocates for the integration of infographics in modern media practices.