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India - Reserve Bank of India Steps in to Help Poultry Sector

sharon sanders

sharon sanders

Editor-in-Chief & President
RBI issues circular, asks banks to help cure flu-hit poultry units

ENS ECONOMIC BUREAU
Posted online: Wednesday, February 20, 2008 at 0019 hrs IST
MUMBAI, FEBRUARY 19
With the poultry industry reeling under the outbreak of Avian Influenza (bird flu) in several parts of the country, banking regulator Reserve Bank of India (RBI) has stepped in to extend relief to the sector. The central bank has proposed rescheduling of loans and a moratorium on repayments in a bid to bail out the poultry sector, which is dominated by hundreds of small scale units.

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http://www.indianexpress.com/printerFriendly/274929.html
 
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