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Rbi: RBI uses milk supply data for dairy farmer loans

India Business News: GANDHINAGAR: For many farmers or dairy farmers, getting a bank loan is impossible for want of any credit history.

dairy farmers: New RBI platform to use milk supply data for dairy farmer loans

Using a new platform created by the Reserve Bank Innovation Hub, a borrower can access information on the milk that dairy farmers sold to Amul or state-accessible land records to calculate their ability to pay back the loan. Many farmers or dairy farmers find it impossible to obtain a bank loan for want of any credit history but this move is seen as a solution to the problem.

RBI panel recommends penalties for banks if they lose your property documents

There are several instances of original property documents getting misplaced by the lenders. So, the BP Kanungo committee has proposed guidelines for handling property documents for regulated entities.

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