3. Keeping in view the overall inflation and rise in agriculture input cost over the years since 2010, it has been decided to raise the limit for collateral free agricultural loans from the existing level of 1 lakh to 1.6 lakh. Accordingly, banks may waive margin requirements for agricultural loans upto 1.6 lakh.
4. You are requested to give adequate publicity to this change and instruct your controlling offices/branches to implement the same immediately.