The Reserve Bank today said banks were resilient enough to weather the pressure on farm loans caused by drought like situation because of deficient monsoon.RBI Deputy Governor KC Chakrabarty told reporters in New Delhi that banks have sufficient rehabilitation measures to weather it out. He said the Indian banking system would be able to face the stress.Finance Minister P Chidambaram had said the Government would converge the Mahatma Gandhi National Rural EmploymentGuarantee Act and other schemes to meet the challenges of drought-like situation in several states and enhance imports of commodities in short-supply to control price rise.He said the contingency plans were in place to help farmers replant alternate crops as well as supply drinking water and fodder.Monsoon is the life-line of the agriculture sector as only 40 per cent of the cultivable area is irrigated. Rain has been 20 per cent lower during June-July, affecting kharif crops mainly coarse cereals and pulses.Karnataka, Gujarat, Maharashtra and Rajasthan are facing drought-like situation.Last week, Empowered Group of Ministers (EGoM) on drought had approved diesel subsidy of 50 per cent to farmers for saving standing crops, and a 2,000 crore rupee package for states affected by drought-like situation.