Reserve Bank of India has revised Priority Sector Lending guidelines to address regional disparities in the flow of priority sector credit.
About:
In the revised guidelines, higher weightage have been assigned to incremental priority sector credit in identified districts where priority sector credit flow is comparatively low.
Bank finance to start-ups up to 50 crore rupees, loans to farmers for installation of solar power plants for solarisation of grid connected agriculture pumps and loans for setting up Compressed Bio Gas (CBG) plants have been included as fresh categories eligible for finance under priority sector.
The targets prescribed for “small and marginal farmers” and “weaker sections” are being increased in a phased manner.
Loan limits for renewable energy have been increased under the revised guidelines.
For improvement of health infrastructure, credit limit for health infrastructure (including those under ‘Ayushman Bharat’) has been doubled.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
