......Mir said it was disgusting that J&K Bank and other nationalized banks operating in the state have not even been issuing the Kissan Credit Cards to the farmers. “Contrary to the Reserve Bank of India instructions, the banks are demanding guarantors for issuing such cards,” he said. Mir said in his recent visit to the Valley, Governor RBI made it clear that no guarantor was required for KCCs up to Rs 1 lakh. “But J&K Bank and other banks are demanding the guarantors in this behalf, which goes against the very spirit of the central bank instructions,” he said..............
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