With reference to the Priority Sector Lending PSL consider the following statements In the revised g...........

Economic Affairs Money Supply and Monetary Policy

Download Solution PDF

With reference to the Priority Sector Lending(PSL), consider the following statements

In the revised guidelines, higher weightage have been assigned to incremental priority sector credit in identified districts where priority sector credit flow is comparatively low.
Both Housing and Renewable Energy sectors are included in the Priority Sector under PSL norms.
PSL refer to loans that banks need to mandatorily lend to economically weaker sections of the society.

Select the correct statement.

1&2 only

2&3 only

1&3 only

All of the above

छोटे Courses बड़े Results

Master Money Supply and Monetary Policy

Prepare through Micro-courses

Try Now

Explanation:

Recently, Reserve Bank of India has revised Priority Sector Lending guidelines to address regional disparities in the flow of priority sector credit.

In the revised guidelines, higher weightage have been assigned to incremental priority sector credit in identified districts where priority sector credit flow is comparatively low.
Loan limits for renewable energy have been increased under the revised guidelines.
For improvement of health infrastructure, credit limit for health infrastructure (including those under ‘Ayushman Bharat’) has been doubled, the RBI said.
Priority sector loans refer to loans that banks need to mandatorily lend to economically weaker sections of the society.
The categories under priority sector are: Agriculture, Micro, Small and Medium Enterprises, Export Credit, Education, Housing, Social Infrastructure, Renewable Energy and Others.

Hence all statements are correct.