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Agricultural Finance
Under the priority sector framework, into which three sub-categories is agriculture lending grouped?
Agriculture lending is grouped into Farm Credit, Agriculture Infrastructure, and Ancillary Activities.
What are the three sub-categories under which agriculture is classified in the priority sector lending framework?
Farm credit, Agriculture infrastructure, and Ancillary activities
What is the primary purpose of agricultural finance as extended by banks in India?
Agricultural finance aims to provide timely and adequate credit to farmers to meet their production, investment, and allied activity needs.
What is the collateral-free ceiling for agricultural loans effective from 1 January 2025?
₹2 lakh per borrower
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