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  • Changes Proposed in Priority Sector Lending (PSL) - Pib PDF

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    pranathi.862539
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    Total credit extended by banks in Priority Sector lending is Rs.2154356. Crore. There is a need to increase employment, create basic infrastructure and improve competitiveness of the economy, thus creating more jobs. 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 agriprocessing and agriinfrastructure would be included in psl without

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    Total credit extended by banks in Priority Sector lending is Rs.2154356. Crore. There is a need to increase employment, create basic infrastructure and improve competitiveness of the economy, thus creating more jobs. 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 agriprocessing and agriinfrastructure would be included in psl without

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    Changes Proposed in Priority Sector Lending (PSL) - Pib PDF

    Enviado por

    pranathi.862539
    Total credit extended by banks in Priority Sector lending is Rs.2154356. Crore. There is a need to increase employment, create basic infrastructure and improve competitiveness of the economy, thus creating more jobs. 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 agriprocessing and agriinfrastructure would be included in psl without

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    © All Rights Reserved
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    Sinalizar o conteúdo como inadequado
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    PressInformationBureau
    GovernmentofIndia
    MinistryofFinance
    01March201520:22IST

    Changesproposedinprioritysectorlending(psl)regarding

    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.Theseemergingrealitieshavealsoshapedtheperceptionofnationalpriorities.Totalcredit
    extended by Banks in Priority sector Lending is Rs.2154356.29 Crore. There is a need to increase
    employment,createbasicinfrastructureandimprovecompetitivenessoftheeconomy,thuscreatingmore
    jobs.Itis,therefore,timetoreorientthePrioritySectorLendingGuidelinestowardstodaysgrowthand
    inclusionagenda.
    ThefollowingchangesarebeingproposedinthePrioritySectorlending:

    ToenhancecredittoSmallandmarginalfarmers,aseparatesublimitofupto8%(for1styear7%
    and2ndyear8%)isbeingintroducedforthefirsttime.
    Loansforagriprocessing&agriinfrastructurewouldbeincludedinPSLwithoutanylimitonthe
    sizeofloans.
    LoanstoMediumEnterprisesbeingincludedinPSL.
    Forthefirsttimeaseparatesublimitof7.5%ofANBCisbeingcreatedfortheMicroEnterprises.
    LoansuptoRs.5croreforSocialinfrastructure,likeschoolsandhealthcarefacilities,drinkingwater
    facilities, sanitation facilities etc. are being included under PSL, for towns of less than 1 lac
    population.
    RenewableEnergysectorisbeingaddedtothePSL,uptoRs.10croreloans.
    Introduction of Priority Sector Lending Certificate (PSLCs), which will provide a marketdriven
    incentiveforefficiency,willenablebankstoselltheirsurpluslendingandthusearningapremium
    fortheirefficiency/geographicalspread.
    Progresstobemonitoredquarterlyandnotattheendoftheyear.
    ******
    DSM/KA

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