Regional Rural Banks – Priority Sector Lending – Targets and Classification
Additional Reading Material for Module A and Module D
Regional Rural Banks – Priority Sector Lending – Targets and Classification
Considering the growing significance of RRBs in pursuit of financial inclusion agenda, RBI decided to revise the priority sector guidelines for RRBs. Accordingly, the comprehensive revised guidelines on Priority Sector Lending – Targets and Classification for Regional Rural Banks were published by RBI. The revised guidelines will be operational with effect from January 1, 2016.
Some of the salient features of the guidelines are as under:-
(i) Targets: 75 per cent of total outstanding to the sectors eligible for classification as priority sector lending and sub sector targets as indicated in subsequent paragraphs.
(ii) Categories of the Priority Sector: Medium Enterprises, Social Infrastructure and Renewable Energy will form part of the Priority Sector, in addition to the existing categories, with a cap of 15 per cent of total outstanding.
(iii) Agriculture: 18% per cent of total outstanding should be advanced to activities mentioned under Agriculture.
(iv) Small and Marginal Farmers: A target of 8 percent of total outstanding has been prescribed for Small and Marginal Farmers within Agriculture.*
(v) Micro Enterprises: A target of 7.5 per cent of total outstanding has been prescribed for Micro Enterprises. **
(vi) Weaker Sectors: A target of 15 per cent of total outstanding has been prescribed for Weaker Sections.
(vii) Monitoring: Priority Sector Lending will be monitored on a quarterly as well as annual basis.
(* RRBs that have not achieved the 8 percent sub target may achieve the same in a phased manner i.e. 7 per cent by March 2016 and 8 per cent by March 2017.)
(**RRBs that have not achieved the 7.5 percent sub target may achieve the same in a phased manner i.e. 7 per cent by March 2016 and 7.5 per cent by March 2017.)
For More Details refer :Regional Rural Banks - Priority Sector Lending – Targets and Classification
Source : www.rbi.org.in
Share this:
- Click to share on Twitter (Opens in new window)
- Click to share on Facebook (Opens in new window)
- Click to share on LinkedIn (Opens in new window)
- Click to share on Telegram (Opens in new window)
- Click to share on WhatsApp (Opens in new window)
- Click to email a link to a friend (Opens in new window)
- Click to print (Opens in new window)
Hi there, after reading this remarkable post i am too glad to share my know-how here with
mates.
I blog frequently and I really thank you for your information. This article has truly
peaked my interest. I will bookmark your site and keep checking for new information about once a week.
I subscribed to your Feed too.
Along with every little thing that seems to be developing within this specific subject material, many of your perspectives happen to be rather exciting. Nonetheless, I beg your pardon, because I do not subscribe to your entire theory, all be it stimulating none the less. It looks to us that your opinions are not entirely justified and in actuality you are generally yourself not even completely confident of the assertion. In any case I did take pleasure in looking at it.
Do you have a spam issue on this site; I also am a blogger, and I was wondering your situation; we have developed some nice methods and we are looking to exchange techniques with other folks, why not shoot me an email if interested.
Till no wno spam.
I’d like to find out more? I’d want to find out some additional information.
I’m amazed, I must say. Seldom do you find a blog that’s both educative and engaging,
and let me tell you, you’ve hit the nail about the head.
The problem is a thing that not enough men and women are speaking intelligently about.
Now i’m very happy i found this within my seek out something in regards to this.
I just want to mention I’m newbie to weblog and really enjoyed your web page. Likely I’m likely to bookmark your website . You definitely have tremendous stories. Regards for revealing your website.
Im obliged for the blog article.Much thanks again. Cool.