Priority sector lending (PSL) is a mandatory requirement for banks to provide a certain percentage of their loans to specific sectors of the economy. The Reserve Bank of India (RBI) identifies these sectors as priority because they are important for the economyโs growth and development but may not have access to credit from other sources. The goal of PSL is to ensure that these sectors receive timely and adequate credit, which can help the economy develop as a whole. It is mandatory credit facilities or loan facilities directed by banks towards sectors that are critical for Indiaโs development, like agriculture, MSMEs, education, and housing.
Now More https://credgrow.in/all-you-wanted-to-know-about-priority-sector-lending/
Be the first to comment.
I'm planning to take a loan for 60Lacs.
which is the best bank to take from to get the lowest interest rate.
what should be the duration of loan 5 or 10 years - based on getting Tax exemptions.
Every Fintech nowadays is running to get a NBFC licence to provide service like loan & insurance isn't the market already getting cluttered & They are just focusing on increasing their loan book & with huge default isn't that gonna impac...
๐. ๐๐จ๐ง๐๐ญ๐ข๐ฌ๐๐ญ๐ข๐จ๐ง ๐ซ๐๐ฃ๐ข๐ ๐๐ญ ๐๐๐๐ฌ๐ก๐จ; ๐๐จ๐ฎ๐๐ฅ๐ ๐๐จ๐ฐ๐ง๐ฌ ๐จ๐ง ๐ฌ๐๐ฅ๐ฅ๐๐ซ ๐ฅ๐จ๐๐ง๐ฌ
Meesho is evolving its business model beyond its initial focus on providing a low-cost, commission-free marketplace. The i...
