Middle-class households, farmers get a breather from RBI2 min read 07 Feb 2019, 01:07 PM IST
RBI said the limit of collateral-free farm loans given by banks will be raised to Rs. 1.6 lakh
The budget had also offered relief to the salaried class by way of an increase in standard deduction available to them
New Delhi: Middle-class households paying back loans have got a respite with the Reserve Bank of India (RBI) unexpectedly lowering the policy interest rate by 25 basis points. To make access to finance easier for small farmers, the central bank said the limit of collateral-free farm loans given by banks will be raised to ₹1.6 lakh, up from ₹1 lakh now.
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