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Summary The RBI has raised the collateral-free loan limit for farmers from ₹1.6 lakh to ₹2 lakh, effective January 1, 2025. This aims to ease access to credit for over 86% of small and marginal farmers, addressing rising input costs and boosting agricultural productivity. Key Details Loan Limit Increase : Collateral-free loans increased to ₹2 lakh. Target Beneficiaries : 86% of Indian farmers—small and marginal landholders. Ease of Access : Waiver of collateral and margin requirements simplifies loan approvals. Economic Relief : Helps manage inflationary input costs like seeds, fertilizers, and labor. Synergy with Policies : Complements the 4% interest scheme under the Modified Interest Subvention Scheme. Boost to Rural Economy : Improves credit access and enhances financial stability. Numerical Highlights New Loan Limit : ₹2 lakh (up from ₹1.6 lakh). Subsidized Loans : ₹3 lakh at 4% interest under the subvention scheme. Beneficiary Farmers : Over 86% (small and marginal). Opinion This...