Give loans to flood-hit farmers: RBI
31 Aug 2007, 0415 hrs IST,TNN

PATNA: The Reserve Bank of India (RBI) deputy governor, Usha Thorat, has impressed upon bankers to respond to the plight of flood victims by forming squads to give consumption loans to them in the next two months, which, because of their nature, were very critical for them. During the next two months, the victims have to be ready for the rabi cropping season.

Since most of the branches of the banks were one-official ones, she told the bankers to organise local “Loan Melas” by pooling in the support of district and block officials to scrutinise and clear the application forms of flood victims, she said.

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