From Gyan's Archive
FARMERS ARE RESCUED FROM UNJUST INTEREST RATES
WHAT ABOUT OTHER INJUSTICES ?
11-11-2007 07:08 GMT-0000
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After a long battle the NABARD (Amendment) Bill got clearance from the Cabinet paving the way for disbursing loans to farmers at the interest rates of below nine per cent. It a great relief for farmers, for the banks as well as private money lenders of our country has been exploiting them for years by giving them loans at a much higher rate of interests than many other sectors including industries.