-Mukerji panel favours cut in interest on forestry loans
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26/03/1998
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Business Standard (New Delhi)
The Mukerji panel, set up by the ministry of environment & forests to review the afforestation policy and recommend measures for the rehabilitation of wastelands, has called for a cut in the Reserve Bank's interest rates on loans for forestry-related projects. Such loans, says the panel, should enjoy a repayment moratorium of 15 years, or time untill the final harvesting, whichever is earlier.