Financial Daily from THE HINDU group of publications
Saturday, Nov 09, 2002
Financial Daily from THE HINDU group of publications Saturday, Nov 09, 2002 |
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Agri-Biz & Commodities
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Agricultural Institutions Money & Banking - Interest Rates Nabard slashes interest rates Our Bureau
MUMBAI, Nov. 8 FOLLOWING the bank rate cut, the National Bank for Agriculture and Rural Development (Nabard) has decided to cut interest rates on small loans up to Rs 25,000 by 75 basis points to 6.75 per cent from 7.50 per cent. The new rates are effective from November 11, said a press release. The rate of refinance for farm mechanisation, cold storages, rural godowns and setting up of agri-business centres has been reduced to 7.75 per cent from 8.50 per cent.
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