The Reserve Bank of India (RBI) has enhanced the collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh, effective January 1, 2025, a move aimed at supporting small and marginal farmers amid rising input costs.
The new directive instructs banks nationwide to waive collateral and margin requirements for agricultural and allied activity loans up to Rs 2 lakh per borrower.
According to the agriculture ministry, the decision comes in response to the rising input costs and the need to improve credit accessibility for farmers. "This measure will significantly benefit over 86 per cent of farmers who are small and marginal landholders," the statement said.
Banks have been instructed to implement the guidelines swiftly and ensure widespread awareness about the new loan provisions.
The move is expected to facilitate easier access to Kisan Credit Card (KCC) loans and complement the government's Modified Interest Subvention Scheme, which offers loans up to Rs 3 lakh at a 4 per ce

RBI, Reserve Bank of India

Prime Minister Narendra Modi on Saturday proposed 11 resolutions which include upholding existing reservations for marginalised sections but  strongly opposing any religion-based quota.
Replying to a two-day debate in Lok Sabha on the 'Glorious Journey of 75 Years of  the Constitution of India', Modi said the Constituent Assembly had decided against religion-based reservations after a thorough discussion, and alleged the Congress is now promising it to appease its vote bank.
The 11 resolutions proposed by Modi towards the end of his over 110-minute speech also included a call for an end to dynastic politics, promoting meritocracy over nepotism in governance and a pledge for having zero tolerance to corruption.
The prime minister said these resolutions are aimed at shaping India's future.
But Congress leader Priyanka Gandhi Vadra and Samajwadi Party leader Akhilesh Yadav termed the 11 resolutions "hollow and fake promises."
"Today, we heard resolution of 11 'jumlas'. Doubling the .

Modi, Narendra Modi

The Bengaluru police arrested Nikita Singhania from Gurugram while her mother and brother were arrested from Prayagraj in Uttar Pradesh

Nikita Singhania arrest

Adani Green Energy Twenty Five, a step-down subsidiary of Adani Green, has commissioned a 250 MW solar power project at Rajasthan

Adani group

Lok Sabha Speaker Om Birla on Thursday said that TMC MP Kalyan Banerjee has submitted a written apology for his remarks against Union Minister Jyotiraditya Scindia besides apologising in the House.
As soon as the House met, some members belonging to the ruling alliance stood up to raise the issue of the remarks made by Banerjee.
However, Birla intervened and said whatever happened on Wednesday was unfortunate and no member should make any personal remark against any fellow member.
Without taking the name of Banerjee, he said any remark against women is in bad taste and it hurts their dignity and honour.
The speaker said agreements and disagreements are part of the democratic process but no member should make any personal remark against anyone.
"The member concerned had apologised (in the House). He has also given me in writing too," he said and started with the day's proceedings.
On Wednesday, there were verbal clashes when Banerjee was speaking in the House during a discussion o

Jyotiraditya Scindia, Jyotiraditya, Scindia

Cristiano Ronaldo led the celebrations after Portugal and five other countries were officially announced as hosts of the 2030 men's World Cup, with the player saying the unique tournament will be the "most special" yet.
The 2030 tournament will be the first World Cup played in six different counties, with Spain, Portugal and Morocco as the main hosts while South American nations Argentina, Paraguay and Uruguay will each get one game.
The format will help FIFA mark the centenary of Uruguay hosting the first World Cup in 1930.
"A dream come true," the 39-year-old Ronaldo wrote in an Instagram post that had a photo of him celebrating while wearing Portugal's jersey and featured the words: "The Most Special World Cup ever."
Ronaldo is the only man to have scored at five World Cup tournaments, but he is unlikely to still be playing in 2030.
"Portugal will host the 2030 World Cup and make us proud," he wrote.
The approval of the six-nation bid was mostly a formality at FIFA's online me

Cristiano Ronaldo, Ronaldo

The new system will introduce dedicated PF withdrawal cards, functioning like regular bank ATM cards

ATM, Money, Transaction

Places of Worship Act case: Supreme Court has given the central government four weeks to file its reply to the various pleas

Supreme Court, SC

Commerce and Industry Minister Piyush Goyal on Thursday expressed confidence that India's economic growth by end of this fiscal will be back on track despite global uncertainties.
He said that this year also India will be the world's fastest growing economy.
"We had an election in the first quarter and during the election, obviously policy making and decisions on next steps of growth or infrastructure spending does slow down and there is a lag effect.
"But from what the initial numbers for this quarter, the third quarter show, the festive spending, the rebound in rural growth, the way banks are now seeing traction back again, the way infrastructure spending has come back on track, I think by the time we close the year in March, we will be back on track," Goyal said at Times Network's India Economic Conclave here.
The minister was replying to a question whether the 5.4 per cent GDP growth in the July-September quarter of this fiscal worries him.
The latest government data showed ..

Piyush Goyal

Uttar Pradesh Chief Minister Yogi Adityanath on Sunday paid tributes to Sardar Vallabhbhai Patel on his death anniversary.
In a post in Hindi on X, Adityanath said Sardar Patel's efforts to unite the country are the inspiration behind working towards building Ek Bharat, Shreshtha Bharat'.
"Humble tributes to the architect of modern India, farmer well-wisher, Iron Man 'Bharat Ratna' Sardar Vallabhbhai Patel ji on his death anniversary!
"His contributions in giving a form to the unity, integrity and sovereignty of the nation will always inspire us to work towards building 'Ek Bharat, Shreshtha Bharat'," the chief minister said.
Sardar Patel, who was India's first deputy prime minister and home minister, breathed his last on 15 December 1950.
Born in Nadiad, Gujarat in 1875, Patel was a pivotal figure in India's struggle for independence. Renowned for his exceptional leadership and unyielding commitment to national integration, he is fondly remembered as the "Iron Man of India."
The

Yogi Adityanath, yogi, UP CM

The dynamism and contribution of India's vast youth is vital towards the country's development, green energy transition and achieving the sustainable development goals (SDG), Delhi's envoy to the United Nations said.
India's Permanent Representative to the UN Ambassador Parvathaneni Harish was addressing the 8th Annual 1M1B Activate Impact Summit, organised by the UN Department of Global Communications associated NGO 1M1B' (One Million for One Billion) with the support of the Civil Society Unit, DGC Thursday.
You, young people, are the future. You have to be closely working together not only to be part of the governance of the country, but also as part of our development pathways and enabling a green energy transition, meeting of Sustainable Development Goals, meeting the 2030 targets. In each one of these activities, your dynamism, your contribution is vital, Harish said.
In his keynote address at the summit, attended by Indian youth leaders from various fields as well as UN ...

Parvathaneni Harish, Parvathaneni

'Vijay Diwas' is celebrated on December 16 every year to commemorate the anniversary of the victory of the Indian Armed Forces in the 1971 Indo-Pak War

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

Displaying categorized search results for 2012

Latest News

In this section

All

Sardar Patel inspires us to work for 'Ek Bharat, Shreshtha Bharat': UP CM

Contribution of India's youth vital to achieving SDGs: Ambassador P Harish

Indian Army host Soldierathon to mark 53rd anniversary of 1971 war victory

Most Popular

Read

Shared

Commented

RBI raises collateral-free agricultural loan limit to Rs 2L to aid farmers

Zero corruption, no to religion-based quota: PM outlines 11 resolutions

Bengaluru techie Atul Subhash's wife, in-laws arrested in suicide case

Displaying categorized search results for 2012 Advance Search