Farmers to get loans from commercial banks directly

RURAL FOCUS

Farmers who are yet to receive funds from cooperative banks can now expect them to come from commercial banks There are plans to help regional rural banks use the infrastructure of primary agriculture cooperative societies that would disburse crop loans from commercial banks District central cooperative banks would function as business correspondents of the Maharashtra State Cooperative Bank to ensure availability of crop loans from commercial banks Commercial banks called for review of the recovery of stamp duty on loan for amounts exceeding ~ 1 lakh granted for agriculture-allied activities

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