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The Reserve Bank of India (RBI) is trying to make it easier for farmers to get loans.

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The Reserve Bank of India (RBI) is trying to make it easier for farmers to get loans. To that end, it has launched a new program called Kisan Credit Card (KCC) that will offer farmers up to $2,500 a year in loans, up from the current $1,000, reports the Times of India. The move is aimed at helping small and medium-scale farmers who are struggling to make ends meet. “The idea is to enable them to get the loans they need,” says an official at a state-run bank. “It’s a win-win situation for them and the banks.” The credit card will allow farmers to apply for loans from banks, which in turn will help them get loans from government-owned banks. The move comes as part of the central government’s efforts to ease restrictions on bank lending in rural areas.

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