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Maha to seek RBI nod on DCC loan sanction in drought-hit areas

The Maharashtra government will seek RBI's permission to allow the financially-strong district central cooperative banks (DCCs) to disburse loans to their neighbouring districts with weaker counterparts

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Mumbai: The Maharashtra government will seek RBI's permission to allow the financially-strong district central cooperative banks (DCCs) to disburse loans to their neighbouring districts with weaker counterparts.

Marathwada, a region reeling under severe drought, is the top priority of the state government. Out of the eight DCC banks in this region, five are financially weak and hence their target of distributing a certain amount of farm loans would be shifted to commercial banks.

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