RBI raises collateral-free agricultural loan limit to Rs 2 lakh to aid farmers
New Delhi (PTI): The Reserve Bank of India (RBI) has enhanced the collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh, effective January 1, 2025, a move aimed at supporting small and marginal farmers amid rising input costs.
The new directive instructs banks nationwide to waive collateral and margin requirements for agricultural and allied activity loans up to Rs 2 lakh per borrower.
According to the agriculture ministry, the decision comes in response to the rising input costs and the need to improve credit accessibility for farmers. "This measure will significantly benefit over 86 per cent of farmers who are small and marginal landholders," the statement said.
Banks have been instructed to implement the guidelines swiftly and ensure widespread awareness about the new loan provisions.
The move is expected to facilitate easier access to Kisan Credit Card (KCC) loans and complement the government's Modified Interest Subvention Scheme, which offers loans up to Rs 3 lakh at a 4 per cent effective interest rate.
The initiative is seen as a strategic step to enhance financial inclusion in the agricultural sector, providing farmers with much-needed financial flexibility to invest in agricultural operations and improve their livelihoods.
Agri experts view the initiative as a critical step towards enhancing credit inclusivity and supporting agricultural economic growth, addressing inflationary pressures on farming input costs.
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Steel mirrors deployed in Mysuru to discourage public urination
Mysuru (PTI): Fed up with people relieving themselves along roadsides, the Mysuru City Corporation has adopted a unique strategy to curb the practice and promote civic sense by installing reflective steel mirrors along pavements, officials said on Friday.
In what officials described as a first-of-its-kind initiative, the Corporation installed stainless steel sheets with a mirror finish along an 80-metre stretch opposite the Mysuru Suburban Bus Stand.
Officials said the reflective sheets are intended to confront anyone attempting to urinate in public with their own reflection, thereby discouraging the act psychologically.
“The idea is to maintain cleanliness and hygiene, prevent public nuisance, and promote civic sense. It is a simple yet psychological approach that encourages self-awareness through reflection,” officials added.
Soon after the mirrors were installed, videos of the initiative went viral on social media, with many people appreciating the administration’s innovative attempt to address public urination. At the same time, some users pointed out the lack of basic civic sense among people.
Several social media users also suggested that more public toilets, maintained in a hygienic condition, were needed to further discourage open urination.
Explaining how the idea originated, Nitesh Patil, Administrator and Regional Commissioner of the Mysuru City Corporation, told PTI that despite a public toilet being located next to the bus stand, many people continued to urinate in the open.
Even fines and warnings failed to deter them from relieving themselves against vacant compound walls, leaving behind a foul smell.
“One of our engineers came up with this idea, and we decided to implement it. The initiative has received a very positive response from the public, social media, and the press. We are now planning to identify more such locations in the city and install similar reflectors,” he said.
According to him, to ensure that the installation is both effective and visually appealing, LED lighting that switches on along with the streetlights has also been added, causing the stretch to glow at night and enhancing the city’s appearance.
Patil said the initiative had helped create civic awareness while also beautifying the city.
“We want our city to be clean and hygienic. We aspire to become the cleanest city in the country,” he added, recalling that Mysuru secured third place nationally in the Swachh Survekshan Awards 2024–25 last year.
