 "RBI asks banks to revisit documentation for agri loans")
In order to double farmers' incomes by 2022, the Reserve Bank of India (RBI) told banks on Thursday to revisit their documentation for crop loans, simplify them where required and ensure speedy sanctioning and disbursal of loans within specified time limits.
The lead bank scheme, where a particular bank becomes the central authority in developing strategies for agriculture and micro and small enterprises, should work closely with Nabard and should make doubling farmers' income a regular agenda in their meetings, RBI said.
The doubling of income is a government scheme announced in the Union Budget for 2016-17.
