RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S2

Press Releases Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

109318456

Draft Guidelines on Lending to Priority Sector - Revised

The draft Technical Paper submitted by the Internal Working Group (Chairman: Shri C.S. Murthy) set up by the Reserve Bank to review the existing policy on priority sector lending was placed on the Reserve Bank’s website on September 30, 2005 for wider dissemination and comments. Based on the feedback received from the banks, financial institutions, Non-Banking Financial Companies, Associations of Industries, media, public and Indian Banks’ Association, the guidelines on priority sector lending have been revised.

As per the revised draft guidelines, the priority sector will broadly comprise agriculture, small scale industries, small business/service enterprises, micro credit, education loans and housing loans. The priority sector lending target and sub-targets for all banks would now be linked to Adjusted Net Bank Credit (Net Bank Credit plus investments made by banks in non-SLR bonds held in HTM category) or Credit Equivalent of Off-Balance Sheet Exposures, whichever is higher, as on March 31 of the previous year. For this purpose, outstanding FCNR (B) and NRNR deposits balances will no longer be deducted for computation of Net Bank Credit for priority sector lending purposes. These guidelines also take into account the revised definition of small and micro enterprises as per the Micro, Small and Medium Enterprises Development Act, 2006.

As announced in the Mid-Term Review of the Annual Policy Statement 2006-07, the Reserve Bank of India has placed the Revised Draft Circular on Lending to Priority Sector on its website (www.rbi.org.in). Views/ comments on the revised draft circular may be faxed to 022-22610943 or 22610948.

 

G. Raghuraj
Deputy General Manager

Press Release : 2006-2007/ 631

RbiTtsCommonUtility

प्ले हो रहा है
ಕೇಳಿ

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ ಮೊಬೈಲ್ ಅಪ್ಲಿಕೇಶನ್ ಅನ್ನು ಇನ್ಸ್ಟಾಲ್ ಮಾಡಿ ಮತ್ತು ಇತ್ತೀಚಿನ ಸುದ್ದಿಗಳಿಗೆ ತ್ವರಿತ ಅಕ್ಸೆಸ್ ಪಡೆಯಿರಿ!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

ಈ ಪುಟವು ಸಹಾಯಕವಾಗಿತ್ತೇ?