What is priority and non priority in banking?
Table of Contents
What is priority and non priority in banking?
Weaker sections under Priority sector
| Sl.No | Category |
|---|---|
| 4. | Scheduled Castes and Scheduled Tribes |
| 5. | Beneficiaries of Differential Rate of Interest (DRI) scheme |
| 6. | Self Help Groups |
| 7. | Distressed farmers indebted to non-institutional lenders |
What does priority sector include?
The following fall into the priority sectors under the policy: agriculture (including micro financing groups like SHGs, JLGs, individual farmers, and other institutions dedicated to individuals working in the sector), micro, small and medium scale enterprises (MSMEs) and SSIs, Educational and Small Scale Industrial …
How many sectors are there in PSL?
As per the RBI circular released in 2016, there are eight broad categories of the Priority Sector Lending. They are: (1) Agriculture (2) Micro, Small and Medium Enterprises (3) Export Credit (4) Education (5) Housing (6) Social Infrastructure (7) Renewable Energy (8) Others.
What is non-priority sector?
Non-Priority Sector lending is the sector towards which financial institutions are always ready to lend credit. It covers all the remaining sectors which are other than PSL.
What is Anbc in priority sector?
5) Adjusted Net Bank Credit (ANBC) The targets and sub-targets under priority sector lending are linked to ANBC. Domestic commercial banks have to set a target of 40\% of the ANBC for the advances to priority sector lending while foreign banks have to set a target of 32\% for the same.
What is non priority sector?
Which of the following comes under service sector?
Activities in the service sector include retail, banks, hotels, real estate, education, health, social work, computer services, recreation, media, communications, electricity, gas and water supply.