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: Current Affairs - August, 2021
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
Topics: Micro finance Institutions (MFIs) • Mudra Loans • Pradhan Mantri MUDRA Yojana (PMMY) • Priority sector lending • Priority Sector Loans
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: Current Affairs - June, 2021
Category: Economy & Banking Current Affairs
Topics: Adjusted Net Bank Credit (ANDC) • Maharashtra • Priority Sector • Priority sector lending • Regional Rural Banks
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: Current Affairs - September, 2020
Category: Economy & Banking Current Affairs
Topics: Priority Sector • Priority sector lending • RBI guidelines
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: Government Schemes Current Affairs
Topics: Economy • Income tax in India • Keynesian economics • National fiscal policy response to the Great Recession • Priority sector lending • Sahara India Pariwar
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: 32758 • Bank • Banking • Economy • Finance • Financial inclusion • Financial services • India Post Payments Bank • Indian Posts • Microfinance • Online banking • Payments bank • Priority sector lending • Priority sector lending • RBI • Reserve Bank of India • Reserve Bank of India • Small finance bank