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Sbi - Ots
Sbi - Ots
Proposed scheme
A farmer with a Rs. 20 lakh loan can settle 50% of his dues, and the
remaining will be waived. He can again apply for a loan in 30 days.
Talking about this move, Rajnish Kumar, SBI MD said the OTS
scheme is interesting for farmers as it enables them to become "eligible
for a fresh loan."
By getting back "at least part of the loan", SBI will ensure farmers
remain within "formal credit channels."