Tamil Nadu Chief Minister M.K. Stalin on Friday (May 30, 2025) appreciated the Centre for considering his concerns regarding the proposed restrictions in the Reserve Bank of India’s (Lending Against Gold Collateral) Directions, 2025. He added that such policies should be framed only after prior consultations with the States.
In a post on X, Mr. Stalin said: “Glad to note that @FinMinIndia has responded to the concerns raised by me in my letter to the Hon’ble Union Finance Minister regarding @RBI’s draft guidelines on gold loans. Protecting the interests of small borrowers, especially those seeking loans below ₹2 lakh, such as farmers and daily earners, and ensuring timely and accessible credit has been my consistent demand.”
“While appreciating the positive consideration given to this issue, we emphasise that such policies having significant impact on the poor should be arrived at after due prior consultation with States,” he added.
Published – May 30, 2025 04:10 pm IST
