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Nabard
and Regional Rural Banks to hike farm credit
Hyderabad: A meeting of Regional Rural Banks from
several States was convened by the National Bank for Agriculture
and Rural Development (Nabard) here today to address issues
on enhancing credit flows to the farm sector. The meeting
was convened in the wake of Union Government's directive
on doubling the flow of agricultural credit in three years.
The meeting was attended by chairman of RRBs of Andhra
Pradesh, Karnataka, Tamil Nadu, Kerala and Orissa, and
the senior officers of their respective sponsor banks
and the RBI.
Following the meeting, the RRBs agreed to increase credit
for agriculture by 40 per cent as desired by the Government
and provide necessary relief to the distressed farmers.
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