Indian Bank comes to the rescue of agriculture amid lockdown

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State-run Indian Bank recently announced the launch of three emergency credit provisions for the agriculture sector which has been impacted by the Indian lockdown as a result of COVID-19.The lender is giving funding to agri-processing units, which can use loans up to 10 per cent of their working capital limit, a bank statement stated.

Borrowers in the poultry field can use loans to a limit of 20 per cent of their working capital limit and farmers cultivating crops / rearing animals and having KCC facility can use 10 per cent of the limit as soft loan.