'Farm loans being diverted for non-agri purposes'

The RBI Governor, Dr. D. Subbarao delivering a lecture on
“Agriculture Credit – Accomplishment and Challenges”
on the occasion of 30th anniversary of NABARD,
in Mumbai on July 12, 2012

....“This evidently defeats the objective of the subvention scheme (for farmers) and needs to be corrected either by remodelling the subvention scheme or through tighter monitoring of the end use of agricultural loans.”.......

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