OREANDA-NEWS. Reserve Bank of India (RBI) have advised Scheduled Commercial Banks (including Regional Rural Banks) to dispenser with the requirement of ‘no dues’ certificate for small loans upto Rs. 50,000/- to small and marginal farmers, share-croppers etc and instead obtain self-declaration from the borrowers.

The RBI has not received any complaints against any bank for non-compliance of the said directions in the recent past.