The Presidents/Chief Executive Officers
All Banks/Microfinance Banks
Revision of Indicative Credit Limits for Agriculture Financing
Please refer to AC&MFD Circular No. 01 of 2022 dated February 16, 2022 regarding the Report on Indicative Credit Limits and Eligible Items for Agriculture Financing.
4. Banks are advised to circulate the above instructions to their field offices immediately for compliance.
2. In order to facilitate the agriculture borrowers, the per acre indicative credit limits for agriculture financing have been revised considering the recent increase in cost of production i.e. seeds, fertilizers, fuel, labour etc. The increased indicative limits will enable farmers to obtain more credit from banks and enhance agriculture productivity through adequate use of inputs.
3. The revised per acre indicative credit limits have been updated in the report on ‘Indicative Credit Limits and Eligible Items for Agriculture Financing’ accordingly. All other contents of the report remain the same.
Encl: Revised Report on Indicative Credit Limits