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Devinder Sharma Article Public Money Write-off Calls For Accountability

Devinder Sharma Article Public Money Write-off Calls For Accountability
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Through digital strategy, SBI to explore partnership with Agritechs to push farm credit

Rajasthan starts giving crop loans

Rajasthan starts giving crop loans Updated: Updated: The scheme, announced in 2018, will benefit 7.50 lakh farmers Share Article The scheme, announced in 2018, will benefit 7.50 lakh farmers The Rajasthan government has started disbursing crop loans during the COVID-19 pandemic to the farmers who had availed of the loan waiver in 2018 and 2019 after turning defaulters. The decision is set to benefit over 7.50 lakh farmers who were being denied fresh loans, as their overdue debt had earlier exceeded ₹5,000 each, despite there being no outstanding amount at present. Cooperative Minister Udai Lal Anjana said here on Saturday that the farmers were being connected with the short-term credit facility and given loans for this year’s kharif crop cycle. The central cooperative banks will give them loans of ₹25,000 each or up to their credit limit, whichever is less.

Canara Bank: Arya, Canara Bank in tie up for farm loans management, warehousing

Synopsis The Arya-Canara Bank partnership aims to support and extend finance to farmers as well as give them access to warehouses managed by the agritech startup across India. Kolkata:Arya, a post-harvest agriculture technology startup, has entered into a strategic partnership with Canara Bank for collateral management and warehousing services to help farmers with effective market linkage. The partnership aims to support and extend finance to farmers, Farmer Producer Organisations, processors, and various depositors stocking their agri-produce in warehouses managed by Arya pan India. While all lenders public or private are required to follow the Reserve Bank of India’s priority sector lending guidelines, they look for efficient mechanisms to reach farmers, especially small holders. Many banks fall short in meeting these targets in the absence of these mechanisms. Canara Bank, through this strategic association with Arya, will be able to leverage the extensive network of the

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