Priority Sector Lending- Targets and Classification -Overdraft in PMJDY accounts - ಆರ್ಬಿಐ - Reserve Bank of India
Priority Sector Lending- Targets and Classification -Overdraft in PMJDY accounts
RBI/2014-15/477 February 25, 2015 The Chairman/ Managing Director/ Dear Sir, Priority Sector Lending- Targets and Classification –Overdraft in PMJDY accounts Please refer to our Master Circular RPCD.CO.Plan.BC 10/04.09.01/2014-15 dated July 01, 2014 on Priority Sector Lending- Targets and Classification. 2. It has been decided that overdrafts extended by banks upto ` 5,000/- in Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts will be eligible for classification under priority sector advances (‘others’ category) as also weaker sections, provided the borrowers household annual income does not exceed ` 60,000/- for rural areas and ` 1,20,000/- for non-rural areas. 3. The above instructions come into effect from the date of this circular. Yours faithfully, (P.Manoj) |