With a view to ensure greater flow of credit to the farmers against pledge/hypothecation of agricultural produce, and to encourage use of NWR/eNWR issued by regulated warehouses as a preferred instrument for availing such finance by the farmers, the RBI has decided to enhance the PSL limit for loans against NWRs/eNWRs from Rs. 50 lakh to Rs. 75 lakh per borrower.With a view to ensure greater flow of credit to the farmers against pledge/hypothecation of agricultural produce, and to encourage use of NWR/eNWR issued by regulated warehouses as a preferred instrument for availing such finance by the farmers, the RBI has decided to enhance the PSL limit for loans against NWRs/eNWRs from Rs. 50 lakh to Rs. 75 lakh per borrower.taxmann.com Latest Statutory HappeningsRead More
