Priority Sector Lending

March 16, 2015

Priority sector was first properly defined in 1972, after the National Credit Council emphasized that there should be a larger involvement of the commercial banks in the priority sector. The sector was then defined by Dr. K S Krishnaswamy Committee. Objective of Priority Sector Targets The overall objective of...


March 9, 2015

In the Budget of 2015-16, the government proposed creation of a Micro Units Development Refinance Agency titled MUDRA Bank. Some of its features are as follows: The bank will be built with a corpus of Rs. 20,000 crores and a credit guarantee corpus of Rs. 3,000 crore....

Re-vitalizing the MSMEs

March 1, 2015

What is the significance and contribution of MSMEs in Indian economic growth? What are hurdles to its development and the initiatives of GOI to revamp the industry?