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New Gold Loan Cap Announced for Cooperative Lenders in Tamil Nadu
Original: கூட்டுறவு வங்கி
Cooperative lending institutions face a new upper limit on gold loans, with borrowing capped at Rs 10,000 per gram of pledged gold, according to News18 Tamil. The move affects borrowers who rely on cooperative banks and societies, a common source of quick credit in rural areas, and is drawing attention as customers and lenders assess how the reduced loan-to-value will impact gold-pledged borrowing.
Why now: A new regulatory cap on gold loans at cooperative institutions directly affects rural borrowers and lenders.
Evidence
- Gold Loan | கூட்டுறவு நிறுவனங்களில் நகைக்கடனுக்கு புதிய உச்சவரம்பு... கிராமுக்கு ரூ.10,000! · News18 Tamil
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