Agriculture is covered under the priority sector lending Which of the following activities are cover...........

Economic Affairs Agricultural Finance

Agriculture is covered under the priority sector lending. Which of the following activities are covered under agriculture?

1. Farm credit

2. Agriculture Infrastructure

3. Ancillary Activities

Select the code from below:

1 only

1&2 only

2&3 only

All of the above

छोटे Courses बड़े Results

Master Agricultural Finance

Prepare through Micro-courses

Try Now

Explanation:

Priority Sector Lending
Priority Sector Lending is an important role given by the Reserve Bank of India (RBI) to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections.. This is essentially meant for an all round development of the economy as opposed to focusing only on the financial sector.
Priority Sector includes the following categories:
•Agriculture•Micro, Small and Medium Enterprises•Export Credit•Education•Housing•Social Infrastructure•Renewable Energy•Others
The activities covered under Agriculture are classified under three sub-categories viz. Farm credit, Agriculture infrastructure and Ancillary activities.
Think!
Difference between the priority sector lending of National and International Bank