Gogoi requested Subbarao to waive the 2 per cent Gogoi requested Subbarao to waive the 2 per cent transaction charge claimed by SBI, CBI and Assam Gramin Vikash Bank for payment to MNREGA account holders through Business Correspondents in Assam as has been provided by banks in Rajasthan and other states. The Chief Minister asked the RBI Governor to stop the practice of banks disbursing credit component to SHGs on higher interest rates while retaining the grant and subsidy component in the form of fixed deposits at a lower rate of interest as collateral security. PTI DG PC RAH ns DKR SK
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