Priority Sector Lending Guidelines
The Reserve Bank of India has outlined guidelines for lending to the priority sector, which includes:
Agriculture (Direct and Indirect finance): Finance to individual farmers, Self Help Groups (SHGs), Joint Liability Groups (JLGs), and others for agriculture and allied activities.
Micro and Small Enterprises (Direct and Indirect Finance): Finance to micro and small enterprises for various activities.
Micro Credit: Finance to individuals or groups for microfinance activities.
Education loans: Finance to individuals for education purposes.
Housing loans: Finance to individuals for housing purposes.
Other Important Features
The guidelines also outline other important features, including:
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Targets/Sub-Targets
The guidelines set targets and sub-targets for lending to the priority sector, including:
Agriculture: Finance to individual farmers and others for agriculture and allied activities.
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