Summary:
With cash in hand, no debt waiver announcement plans, and boosted by an enhanced credit limit, banks are expecting crop loan renewals to pick pace. Most crop loan renewals typically happen in June and July. Though payments under the crop investment support scheme of the Telangana government have begun to slow down, it still is not break time for bankers as they expect crop loan renewals to pick pace. In a bid to encourage loan renewals, the SBI has started conducting Kisan Milan melas, he added. They are unlikely to remain so with the RUSU branches and government machinery set to find more time to focus on renewals..