The credit lending of banks in the agriculture sector in the state is significantly below the goal fixed by Reserve Bank of India (RBI). The total lending of banks as on December 31, 2023 was around Rs 1.2 lakh crore while the agriculture loans were approximately Rs 18,897 crore. Find out more about the issue and the recommendations made by State Level Bankers Committee (SLBC).
Banks usually charge a higher rate of interest on personal loans. The minimum rate of interest given to borrowers with a high credit score is upward of 10.50 percent and go up to 24 percent.