Which of the following is incorrect w r t targets of Priority Sector Lending to be followed by dome...........

Economic and Social Issues Monetary and Fiscal Policy

Which of the following is incorrect w.r.t. targets of Priority Sector Lending to be followed by domestic commercial banks in India?

Overall target of lending to Priority Sectors is fixed at 40%

Sub-target w.r.t. Agriculture sector under Priority Sector Lending is 12.5%

Sub-target w.r.t. Micro- Enterprises under Priority Sector Lending is 7.5%

Sub-target w.r.t. Weaker Sections under Priority Sector Lending is 10%

None of the options given above

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Explanation:

Priority Sector Lending is an important role given by the 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.
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