Since the vision of Priority Sector Lending (PSL) first took shape, the structure of the Indian economy, the contribution by various sectors to GDP and the demographic profile has changed significantly. These emerging realities have also shaped the perception of national priorities. Total credit extended by Banks in Priority sector Lending is Rs.2154356.29 Crore. There is a need to increase employment, create basic infrastructure and improve competitiveness of the economy, thus creating more jobs. It is, therefore, time to re-orient the Priority Sector Lending Guidelines towards today’s growth and inclusion agenda.
The following changes are being proposed in the Priority Sector lending:-
· To enhance credit to Small and marginal farmers, a separate sub limit of upto 8% (for 1st year - 7% and 2nd year - 8%) is being introduced for the first time.
· Loans for agri-processing & agri-infrastructure would be included in PSL without any limit on the size of loans.
· Loans to Medium Enterprises being included in PSL.
· For the first time a separate sub limit of 7.5% of ANBC is being created for the Micro Enterprises.
· Loans upto Rs.5 crore for Social infrastructure, like schools and health care facilities, drinking water facilities, sanitation facilities etc. are being included under PSL, for towns of less than 1 lac population.
· Renewable Energy sector is being added to the PSL, upto Rs.10 crore loans.
· Introduction of Priority Sector Lending Certificate (PSLCs), which will provide a market-driven incentive for efficiency, will enable banks to sell their surplus lending and thus earning a premium for their efficiency/geographical spread.
· Progress to be monitored quarterly and not at the end of the year.
|
Read,Write & Revise.Minimum reading & maximum learning
2 March 2015
Changes proposed in priority sector lending (psl)-regarding
Subscribe to:
Post Comments (Atom)
Featured post
UKPCS2012 FINAL RESULT SAMVEG IAS DEHRADUN
Heartfelt congratulations to all my dear student .this was outstanding performance .this was possible due to ...
-
Dear Aspirants We have been saying that it will be more logical that if UPSC ask two essay than one and discussed with students ...
-
Uttarakhand (UK) Forest Ranger Officer (FRO) exam 2016 Paper and solution by SAMVEG IAS Dear candidate we have provided solutio...
-
A look at how businesses have traversed the path between start-up and the stock market over the past few decades clearly indicates a tran...
-
India’s growing population, at 1.3 billion citizens now, represents the second-largest consumer market in the world, and may soon be the la...
-
Building on India’s family planning success Empowering women to make reproductive choices is the best way to address fertility, and its as...
-
Democracies celebrate Magna Carta, not war victory. Such actions only encourage Bonaparteism and, in no way, strengthen the people's sa...
-
Officers needs to be responsive to the public, particularly to the weaker section, ensure courtesy and good behaviour with the public an...
-
As per the revised methodology suggested by Central Statistics Office (CSO), Ministry of Statistics & Programme Implementation (M...
-
100% digitisation of ration cards done, a major step towards leak-proof PDS in the country Over 54 crore people benefiting with Rs 2/wh...
No comments:
Post a Comment