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What is Understanding Priority Sector Lending about?
Priority sector lending refers to lending by banks to sectors of the economy that may not otherwise receive adequate and timely credit. These priority sectors include agriculture, micro, small and medium enterprises, housing, education, and other low-income groups. The Reserve Bank of India mandates that banks lend a certain portion of their lending portfolio to these priority sectors. The broad categories of priority sector lending are agriculture and allied activities, small scale industries, small busine
- Author
- Supriya Shrivastav
- Language
- EN