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What is the target of RBI to lend Small and Marginal farmers for FY 2023-24?
17 % of ANBC
5 % of ANBC
20 % of ANBC
2 % of ANBC
10 % of ANBC
- The Reserve Bank of India (RBI) sets targets for priority sector lending to ensure that certain segments receive adequate financial support.
- The target for lending to small and marginal farmers is a part of these priority sector lending norms.
- 17% of Adjusted Net Bank Credit (ANBC) is generally not targeted specifically for small and marginal farmers. It’s typically a broader agricultural lending target.
- 5% of ANBC is also not a common specific target for this category under RBI guidelines.
- 10% of ANBC is often the specific target set by the RBI for lending to small and marginal farmers.
- 20% of ANBC is too high for just small and marginal farmers, and might reflect other broader measures.
- 2% of ANBC is lower than typical requirements for this sector.
-
By: Parvesh Mehta ProfileResourcesReport error
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