In the context of Priority Sector Lending in India identify the incorrect statement........

Economic Affairs Types of Banks and Banking

In the context of Priority Sector Lending in India, identify the incorrect statement

Of all sub-sectors under Priority sector lending, agriculture is given the largest share.

Both Domestic Scheduled Commercial Banks and Foreign banks are mandated to undertake Priority Sector Lending.

Priority Sector Lending Certificates are non-tradable certificates that enable banks to achieve their specified target and sub-targets for priority sector lending in the event of a shortfall.

Renewable Energy is also included in the list of Priority Sectors

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Explanation:

Third statement is incorrect because Priority Sector Lending Certificates are tradable certificates that enable banks to achieve their specified target and sub-targets for priority sector lending in the event of a shortfall.
Priority Sector includes the following categories:
(i) Agriculture
(ii) Micro, Small and Medium Enterprises
(iii) Export Credit
(iv) Education
(v) Housing
(vi) Social Infrastructure
(vii) Renewable Energy
Domestic scheduled commercial banks and Foreign banks are mandated to undertake Priority Sector Lending.