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Credit flow to priority sectors: Macro policy formulation to strengthen credit flow to the priority sectors. Ensuring priority sector lending becomes a tool for banks for capturing untapped business opportunities among the financially excluded sections of society.

Financial Inclusion and Financial Literacy: Ensuring access to an array of basic formal financial services and products and scaling up financial awareness initiatives. The National Strategy for Financial Inclusion (NSFI) 2025-30 and the National Strategy for Financial Education (NSFE): 2020-25 sets forth the vision and key objectives of the Financial Inclusion and Financial Literacy policies in India to expand the reach and sustain the efforts through a broad convergence of action involving all the stakeholders in the financial sector.

Credit flow to MSME: Formulating policies to enable optimal flow of credit to the MSME sector, address stress in the accounts of MSMEs and undertake targeted capacity building.

Credit Delivery to SHGs, SC/ST community and Minority Communities: To enhance flow of credit to individuals, Self Help Groups, persons belonging to SC/ST category and Minority Communities through select Government Sponsored Schemes.

Credit flow to agriculture and allied activities: (i) Providing broad guidelines to enable ease of access to finance by farmers and (ii) Monitoring of relief measures to borrowers in areas affected by natural calamities.

Institutions: Strengthening institutional arrangements under Lead Bank Scheme, such as, State Level Bankers’ Committees (SLBCs), District Consultative Committees (DCCs), District Level Review Committees (DLRCs), and, Block Level Bankers’ Committees (BLBCs), to facilitate achievement of above objectives.

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PSL guidelines are reviewed from time to time with an objective of ensuring adequate flow of credit from the banking system to the sectors of the economy which are crucial for their contribution to socio-economic development, with focus on specific segments whose credit needs remain underserved despite being credit worthy. Commercial banks have also been mandated to support the eligible borrowers affected by natural calamities coming under the ambit of National Disaster Management Framework of Government of India.

Implementing the action points of National Strategy for Financial Inclusion 2025-30 and monitoring the progress within financial inclusion landscape through FI Index and disaggregated data, to expand and sustain the progress of financial inclusion in the country in a holistic manner.

Strengthening financial literacy awareness among public through Center for Financial Literacy.

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Our Approach +

Policy formulation by taking inputs from interaction with stakeholders and robust and timely management information system through collection of reliable data, statutory and otherwise.

Looking Ahead +

More powerful communication of the Reserve Bank’s priority sector definition to stakeholders. More frequent and close monitoring of achievement of banks under priority sector lending.
Effective monitoring through State Level Bankers’ Committees (SLBCs).
Effective monitoring through the fora under Lead Bank Scheme, to enhance flow of credit under priority sector and address the aspects that impact financial inclusion.
Assess the regional/sectoral (industry wise) disparities in credit flow to MSEs. Sharing success stories of various players (Private/ PSBs/RRBs/ Co-ops) on stepping up flow of credit to MSMEs.
Strengthen innovative and community led participative approaches, for furthering financial literacy at the grass root level, through Centres for Financial Literacy (CFL)
Financial Inclusion Index (FI-Index) developed in consultation with the government and sectoral regulators, to measure the extent of financial inclusion in holistic manner, will be monitored closely to finetune future policy interventions