Chandigarh, Oct 15: Haryana Chief Minister O P Chautala today urged the Reserve Bank of India to cut interest rates on loans taken by the agriculture sector and small scale industries. Chautala made the request to RBI Governor Y V Reddy who called on him here this evening, an official spokesman said.
The Chief Minister noted that while the rate of interest on house loans was eight per cent, it was 11 per cent in case of the farm sector.
Reddy said he would look into the matter in the larger interest of the farming community and the small scale industries.
Reddy was accompanied by Regional Director of RBI, D P S Rathore.
Bureau Report