Union Bank cuts farm loan rates by up to 175 bps

Union Bank of India has reduced interest rates for various types of loans in the agriculture sector by up to 175 basis points (bps). This move is aimed at boosting loans to the small and marginal farmers, the bank said. Crop loans, investment credit and loans for allied activities up to Rs 50,000 will be available at the Base Rate (10.50 per cent).

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