The Panchayat Level and Economic
Activity Federations of Self Help Groups have been exempted
from stamp duty for obtaining bank loan as per a Government
order, District Collector N Mathivanan said on Tuesday.
The Reserve Bank must ask banks to ease credit disbursal norms and pass on the benefits of the central bank`s lower key rates to the industry, which is facing credit crunch in the wake of global downturn, Assocham said.