Nod For Voluntary Gold Pledge May Give A Boost To Micro And Agri Sector Lending

business nod for voluntary gold pledge may give a boost to micro and agri sector lending

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The Reserve Bank of India's new directive may boost priority sector lending. Banks can now offer loans up to 10 lakh against gold. This move is expected to benefit the agriculture and micro-enterprise sectors. Farmers and small business owners may find it easier to access credit. The change clarifies the classification of gold-backed loans.

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