RBI allows banks to accept voluntary gold, silver pledges as collateral for agriculture and MSME loans: A boost for rural and business credit flow
In a major decision aimed at enhancing formal credit access for farmers and micro, small, and medium enterprises (MSMEs), the Reserve Bank of India (RBI) has issued a fresh notification permitting banks to accept voluntary pledges of gold and silver as collateral for extending loans under agriculture and MSME categories. This move comes amidst the…
