Current Affairs - Banking - Discussion

Reserve Bank of India (RBI) made Aadhaar linkage mandatory for availing short-term crop loans up to Rs 3 lakh in 2017-18. In order to get the free benefits to farmers under interest subvention scheme, the banks are advised to make Aadhaar linkage mandatory for availing short-term crop loans. The advice to all public and private sector scheduled commercial banks was sent through a RBI notification on the "Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18".