 "RBI governor Urjit Patel")
Speaking at a seminar on agricultural debt, Reserve Bank of India Governor Urjit R Patel on August 31 highlighted the conflict surrounding a gamut of issues intensifying the anguish of India’s farmers and the concerns of macroeconomic and financial implications around debt waivers.
Patel said it was safe to say that financial flows to agriculture had been generous. “Much of credit flow has been propelled by the policy thrust on expanding credit to agriculture, especially through priority sector lending stipulations… The share of outstanding advances to agriculture and allied activities in total priority sector advances has increased from 32.5
Patel said it was safe to say that financial flows to agriculture had been generous. “Much of credit flow has been propelled by the policy thrust on expanding credit to agriculture, especially through priority sector lending stipulations… The share of outstanding advances to agriculture and allied activities in total priority sector advances has increased from 32.5
