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What is Priority Sector Lending in India about?

Banks engage in lending activities to various sectors including agriculture, industries, infrastructure, households, and non-banking financial companies. They are also required to lend a minimum of 40% of their funds to priority sectors such as agriculture, small and medium enterprises, and weaker sections of society. If banks do not meet these priority sector lending targets, they must contribute the shortfall to funds operated by NABARD, SIDBI, NHB or MUDRA. Banks also invest in government securities and

Author

manisha gupta

Language

EN