Thursday, February 28, 2013

Farmers as capitalists

......supporting agencies such as the Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (Nabard) are yet to frame detailed guidelines for bank lending to such organizations. It is worthwhile to keep in mind that bank lending to self-help groups grew phenomenally in the 1990s only after RBI and Nabard jointly framed guidelines for such groups, and prodded banks to step up group lending..........

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