RBI announced revised Priority Sector Lending norms for Regional Rural

1.	RBI announced revised Priority Sector Lending norms for Regional Rural Banks considering the growing significance of RRBs in pursuit of financial inclusion agenda 1) The PSL target was increased to 75 percent of total outstanding from the existing 60 percent for RRBs. 2) Medium enterprises, social infrastructure and renewable energy were included under PSL category. 3) Agri-loans to individual farmers, for the purpose of PSL, was increased to 50 lakh rupees from the present 10 lakh rupees. 4) The RBI has lowered the quantum of loans against the earlier limit of 25 lakh rupees, loans to individuals up to 20 lakh rupees only are considered as PSL. Which of the above statement (s) is/are incorrect?
Answer» RBI announced revised Priority Sector Lending norms for Regional Rural Banks considering the growing significance of RRBs in pursuit of financial inclusion agenda 1) The PSL target was increased to 75 percent of total outstanding from the existing 60 percent for RRBs. 2) Medium enterprises, social infrastructure and renewable energy were included under PSL category. 3) Agri-loans to individual farmers, for the purpose of PSL, was increased to 50 lakh rupees from the present 10 lakh rupees. 4) The RBI has lowered the quantum of loans against the earlier limit of 25 lakh rupees, loans to individuals up to 20 lakh rupees only are considered as PSL. Which of the above statement (s) is/are incorrect?

RBI announced revised Priority Sector Lending norms for Regional Rural Banks considering the growing significance of RRBs in pursuit of financial inclusion agenda 1) The PSL target was increased to 75 percent of total outstanding from the existing 60 percent for RRBs. 2) Medium enterprises, social infrastructure and renewable energy were included under PSL category. 3) Agri-loans to individual farmers, for the purpose of PSL, was increased to 50 lakh rupees from the present 10 lakh rupees. 4) The RBI has lowered the quantum of loans against the earlier limit of 25 lakh rupees, loans to individuals up to 20 lakh rupees only are considered as PSL. Which of the above statement (s) is/are incorrect?

Answer»

RBI announced revised Priority Sector Lending norms for Regional Rural Banks considering the growing significance of RRBs in pursuit of financial inclusion agenda

1) The PSL target was increased to 75 percent of total outstanding from the existing 60 percent for RRBs.

2) Medium enterprises, social infrastructure and renewable energy were included under PSL category.

3) Agri-loans to individual farmers, for the purpose of PSL, was increased to 50 lakh rupees from the present 10 lakh rupees.

4) The RBI has lowered the quantum of loans against the earlier limit of 25 lakh rupees, loans to individuals up to 20 lakh rupees only are considered as PSL.

Which of the above statement (s) is/are incorrect?

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