Q. The concept of weaker sections under ‘priority sector’ was introduced on the recommendation of which of the following committees?
Answer: Krishnaswami Committee
Notes: The term Priority Sector Lending was defined in the year 1972 by Krishnaswamy Committee. Initially banks were given an Priority sector lending target of 33.33%. But following the Krishnaswami Committee’s recommendations, the targets were raised to 40%.

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