Transcription of MASTER CIRCULAR- PRIORITY SECTOR LENDING …
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MASTER CIRCULAR- PRIORITY SECTOR LENDING …
MASTER CIRCULAR- PRIORITY SECTOR LENDING -TARGETS ANDCLASIFICATIONI. Categories under PRIORITY SECTOR (i) Agriculture (ii) Micro, Small and Medium Enterprises(iii) Export Credit(iv) Education(v) Housing(vi) Social Infrastructure(vii) Renewable Energy(viii) Others The details of eligible activities under the above categories are specified in paragraph Targets /Sub-targets for PRIORITY SECTOR (i) The targets and sub-targets set under PRIORITY SECTOR LENDING for all scheduled commercial banksoperating in India are furnished below:CategoriesDomestic scheduled commercial banksand Foreign banks with 20 branchesand above Foreign banks with less than20 branchesTotal PrioritySector 40 percent of Adjusted Net Bank Credit[ANBC defined in sub paragraph (iii)] orCredit Equivalent Amount of Off-BalanceSheet Exposure, whichever is banks with 20 branches andabove have to achieve the Total PrioritySector Target within a maximum periodof five years starting from April 1, 2013and ending on March 31, 2018 as per theaction plans submitted by them andapproved by RBI.
MASTER CIRCULAR- PRIORITY SECTOR LENDING-TARGETS AND CLASIFICATION I. Categories under priority sector (i) Agriculture (ii) Micro, Small and Medium Enterprises
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