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Big Rural Credit push from RBI, start-ups put in priority sector -George Mathew

-The Indian Express Loan limits for renewable energy, health infrastructure doubled The Reserve Bank of India (RBI) on Friday brought financing of start-ups under the priority sector lending (PSL) category of the banking sector, proposed more credit flow to districts with lower PSL, and doubled loan limits for renewable energy and health infrastructure “to align it with emerging national priorities and bring sharper focus on inclusive development.” In a bid to address regional...

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A double-edge sword for farmers -- Loan waivers shrink credit supply to the farm sector -Kushankur Dey

-Financial Express Farm loan waivers—of more than Rs 850 billion in FY18 and FY19, announced by various state governments—are the flavour of the season. This can affect credit offtake and induce further stress for banks and amount to another agrarian crisis. Farm sector NPAs accounted for 16% of banks’ advances under the priority sector lending in October 2018. Post the early waiver-announcements, credit growth in agriculture and allied activities has been...

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No small change this -TV Jayan

-The Hindu Business Line Roy tracks how microfinance, despite its blemishes, has empowered the unbanked in the country For the poor in rural India, till not very long ago, credit meant the unscrupulous mahajans who roamed the villages with wads of cash. Dime a dozen Bollywood movies had depicted the wily moneylender who not just ripped off the hapless creditors, but who was also cruel enough to grab their movable and immovable...

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Money is getting diverted away from small farmers: TISS Agro Economist -NS Vageesh

-The Hindu Business Line Mumbai: The flow of agricultural credit may have increased from ?96,000 crore in 2004 to ?10 lakh crore now; about 18,000 new rural branches have been set up and yet there is an agrarian crisis because of definitional dilusions as well as diversion of funds from the needy small farmers, Professor Ramakumaar, Agro Economist, Tata Insitute of Social Sciences (TISS), said on Monday. He was speaking at...

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Rural Distress: A farmer- and banker-friendly alternative to agricultural loan waivers -Sher Singh Sangwan

-The Indian Express The failure of populist Rural Credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...

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