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What Is Priority Sector Credit? |
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Answer» All Indian banks and foreign banks (which have more than 20 BRANCHES in India) are REQUIRED give 40% of their credit to priority sector out of which 18% is for agriculture. In CASE of Regional RURAL Banks, 60% credit is to be given to priority sector. All Indian banks and foreign banks (which have more than 20 branches in India) are required give 40% of their credit to priority sector out of which 18% is for agriculture. In case of Regional Rural Banks, 60% credit is to be given to priority sector. |
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