RBI Makes Aadhaar Linkage Mandatory for Farmers

Posted on:17 Aug 2017 12:09:27
RBI Makes Aadhaar Linkage Mandatory for Farmers
17 August 2017 Current Affairs: Reserve Bank of India (RBI) made Aadhaar linkage mandatory for availing short-term crop loans up to Rs 3 lakh in 2017-18.

The advice to all public and private sector scheduled commercial banks was sent through a RBI notification on the "Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18".

In order to get the free benefits to farmers under interest subvention scheme, the banks are advised to make Aadhaar linkage mandatory for availing short-term crop loans.

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