RBI issues circular, asks banks to help cure flu-hit poultry units
Loan rescheduling & repayment moratorium will help lower income lost due to bird culling, dip in poultry product demand & price 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.