What Is Priority Sector Lending Meaning Areas

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Posted on December 09, 2018 at 21:23 PM

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What is priority sector lending meaning areas

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The additional priority sector lending target of 2 percent of ANBC each year from 2016-17 to 2019- ... Description of the eligible categories under priority sector 1. Agriculture The lending to agriculture sector has been defined to include (i) Farm Credit (which will include
areas and 40 per cent of the credit should be directed towards scheduled castes/tribes.98 4.3.3 Targets for Priority Sector Lending Targets for priority sector were laid down in 1974. As per the guidelines, priority sector advances by public sector banks should reach a level of not less than one third of
Priority Sector Lending | Introduction to Banking System ...
PRIORITY D SECTOR LENDING. What is Priority Sector Lending (PSL) " It means lending to those sectors of the economy which are important for economic development but which do not have access to adequate and timely credit facilities. It is an important role given by the Reserve Bank of India (RBI) to the banks in India.

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