Priority Sector Loans Current Affairs, GK & News

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: 

Start-ups come under Priority sector as per new lending norms

The Reserve Bank of India has brought the startups in the country under the purview of priority sector guidelines (PSL), a move that will make it easier for startups to raise funding from the banking sector. As of now, the sectors are that are under PSL are agriculture, MSMEs, Education, Housing, Social Infrastructure among others. ..

Month: 

Category: 

Topics: