Priority sector lending Current Affairs, GK & News

Priority Sector Lending

In the first week of September, 2020, the Reserve Bank of India has revised the Priority Sector Lending norms. As per the new guidelines, loans up to Rs. 50 Crore for startups in agriculture and MSME sector would be given under Priority Sector. This apart, the lending limit for health infrastructure has also been doubled ..

MUDRA Loan target reduced to Rs 3 trillion in 2021-22

Central government has set loans disbursement target under PM Mudra Yojana (PMMY) at Rs 3 trillion for financial year 2021-2022. Key Points In the financial year 2020-2021, loan disbursement target was Rs 3.21 trillion. Experts attribute lower target to increased allocation under credit guarantee scheme for small businesses. Out of Rs 3.21 trillion loans sanctioned ..

Month: 

Category: 

Topics: 

Maharashtra launches Annual Priority Sector Credit Plan

Maharashtra launched ‘state annual priority sector credit plan’ worth Rs 4,60,881 crore along with an ‘overall annual credit plan’ worth 18,10,779 crore. Highlights It was launched during quarterly State Level Bankers Committee (SBLC) meeting of Maharashtra. State government has set annual credit lending target of Rs 1.19 lakh crore for agriculture sector by banks for ..

Month: 

Category: 

Topics: 

RBI released new guidelines on PSL

Reserve Bank of India has revised the Priority Sector Lending norms. As per the new guidelines, loans up to Rs. 50 Crore for startups in agriculture and MSME sector would be given under Priority Sector. This apart, the lending limit for health infrastructure has also been doubled to Rs. 10 crore. What is Priority Sector ..

Month: 

Category: 

Topics: 

Government announces steps to boost Housing and revive Exports

As part of efforts to get the slowing down economy back to the track of growth, the Ministry of Finance has announced steps to help the nearly stalled real estate sector and increase India’s exports. Housing Sector Setting up of a Rs 20,000 crore fund (Rs 10,000 crore from Government and roughly same amount from ..

Category: 

Topics: 

India Post Payments Bank to be converted into Small Finance Bank

Indian Posts has made a decision to convert India Post Payments Bank into Small Finance Bank. This will enable the Bank to offer small loans to customers. Payment Banks Payments banks were introduced by the Reserve Bank of India (RBI) to meet the government’s financial inclusion target. A payment Bank will be set up as ..

Topics: