Regulatory Alerts2014-07-21
Added · Updated
Agricultural & Rural Credit Policy and Programme for the Fiscal Year 2014-2015
The policy establishes the agricultural and rural credit framework for FY 2014-2015, requiring all scheduled banks and BRDB to implement its provisions and submit comprehensive sector-based, branch-wise, and MFI-based credit targets to the Agricultural Credit and Financial Inclusion Department by 20 August 2014. It mandates the disbursement of credit to real farmers, sharecroppers, and marginalized groups through simplified application processes, concessional interest rates for specific crops, and partnerships with Micro Finance Institutions. The document outlines specific credit norms, security requirements, and monitoring mechanisms for various agricultural sub-sectors including fisheries, livestock, and green financing initiatives.