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What is the provision of Medium Term Credit Limits for Conversions of ST Loans into MT Loans & Rephasement/Reschedulement of M.T. Conversion Loans?

April 26, 2017conversions credit limits Loans medium Mt St term

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What is the provision of Medium Term Credit Limits for Conversions of ST Loans into MT Loans & Rephasement/Reschedulement of M.T. Conversion Loans?

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Medium Term credit limits for conversion of outstanding short-term loans advanced for financing SAO are sanctioned by the NABARD to the State Co-operative Bank on behalf of DCC Bank. Rate of Interest will be the same as applicable to ST agricultural loans that are being converted.