A disappointing news for the farmers from the bankers: They may now get a shorter duration to pay back loans availed through Kisan Credit Card (KCC). As Reserve Bank of India (RBI) has made changes in the KCC scheme, it has done away with the provision of having a 12-month repayment period. Instead banks will have the discretion to fix a repayment schedule depending upon the harvest cycle of the crop for which loan has been granted...........
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