Collateral-Free Agricultural Loans Up to ₹2 Lakh from 1st Jan 2025: RBI Orders Banks to Publicise

The RBI has ordered banks to publicize their collateral-free agricultural loan offerings. This move is part of a broader initiative to enhance accessibility to credit for farmers, particularly small farmers who often face difficulties in accessing loans due to lack of collateral. By mandating public disclosure, the RBI aims to increase awareness and drive more farmers to utilize such loans. This initiative underscores the RBI’s commitment to financial inclusion and supports the government’s broader goal of improving access to finance for the agricultural sector.