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IBPS RRB PO INTERVIEW --- PRIORITY SECTOR LENDING

Priority Sector Lending

Priority Sector Lending means providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections. This is essentially meant for an all round development of the economy as opposed to focusing only on the financial sector. The Some Sectors are

          Agriculture

          Minority Education

          Animal Husbandry

          Fisheries

          Agriculture Allied

          Small Scale Industries

          Cottage Industries

          Handicrafts

          Houses for the Poor


All Indian banks and foreign banks (which have more than 20 branches in India) are required give 40% of their credit to priority sector out of which 18% is for agriculture. In case of Regional Rural Banks, 60% credit is to be given to priority sector. Priority sector includes - Agriculture, Micro and small enterprise, Education loan (upto 10 lakh for study in India and upto 20 lakhs for study in foreign nations) and housing loan.










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