Meaning, Features of RRBs, Objectives of Regional Rural Banks, Formation and Development of Regional Rural Banks, Reform process of RRBs, For Development/ Promotion/ & Effectiveness of RRBs., Working of RRBs, Functions of RRBs, Structure of Rural Credit
Priority Sector Lending (PSL) is a critical piece of compliance required in the Indian Banking and Finance industry. This presentation (along with the part 1, posted earlier gives a quick overview of the priority sector lending concepts. The regulation for PSL is quite clear and increasingly Banks are mandated by the regulator - RBI to ensure compliance to PSL.
Brought to you by www.sineedge.com
Meaning, Features of RRBs, Objectives of Regional Rural Banks, Formation and Development of Regional Rural Banks, Reform process of RRBs, For Development/ Promotion/ & Effectiveness of RRBs., Working of RRBs, Functions of RRBs, Structure of Rural Credit
Priority Sector Lending (PSL) is a critical piece of compliance required in the Indian Banking and Finance industry. This presentation (along with the part 1, posted earlier gives a quick overview of the priority sector lending concepts. The regulation for PSL is quite clear and increasingly Banks are mandated by the regulator - RBI to ensure compliance to PSL.
Brought to you by www.sineedge.com
These slides will give overview of the Debt Recovery Tribunal and its Working of the Tribunal. Further it will help in understanding the requirements for filing an application under the Act.
The Reserve Bank of India is India's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.
Phases of Nationalization Process in India, Objectives of Bank Nationalization, Achievements of Nationalized Banks, Problems and Constraints of Public Sector banks, Note on Non Performing Assets
Priority Sector Lending in India | भारत में प्राथमिकता क्षेत्र ऋण | Priority ...Abinash Mandilwar
Priority Sector Lending is very important topics for banking knowledge. This video is based on latest RBI guidelines. It is useful for JAIIB/CAIIB Exam, Bank Po Exam and Bank promotion. Don't forget to like share and comment the video. If you want video on any banking topics, suggest me in the comment box. For details you may refer my book on JAIIB. https://www.flipkart.com/search?q=abi...
These slides will give overview of the Debt Recovery Tribunal and its Working of the Tribunal. Further it will help in understanding the requirements for filing an application under the Act.
The Reserve Bank of India is India's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.
Phases of Nationalization Process in India, Objectives of Bank Nationalization, Achievements of Nationalized Banks, Problems and Constraints of Public Sector banks, Note on Non Performing Assets
Priority Sector Lending in India | भारत में प्राथमिकता क्षेत्र ऋण | Priority ...Abinash Mandilwar
Priority Sector Lending is very important topics for banking knowledge. This video is based on latest RBI guidelines. It is useful for JAIIB/CAIIB Exam, Bank Po Exam and Bank promotion. Don't forget to like share and comment the video. If you want video on any banking topics, suggest me in the comment box. For details you may refer my book on JAIIB. https://www.flipkart.com/search?q=abi...
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Signature content of MTBiz is its Article of the Month (AoM), as depicted on Cover Page of each issue, with featured focus on different issues that fall into the wide definition of Market, Business, Organization and Leadership. The AoM also covers areas on Innovation, Central Banking, Monetary Policy, National Budget, Economic Depression or Growth and Capital Market. Scale of coverage of the AoM both, global and local subject to each issue.
MTBiz is a monthly Market Review produced and distributed by Group R&D, MTB since 2009.
In continuation to RBI announcements dated March 27, 2020, the RBI announced additional liquidity and regulatory measures to improve the system liquidity and to improve credit spreads.
Priority sector lending is an import part of rural banking. This presentation will help you out to get clear picture of priority sector and their requirements.
Contribution of agriculture to India’s GDP – around 15% only. Employment 54% or thereabout.
However, very important.
Rural areas -- home to more than 70 percent of the India’s 1.1 billion people, a large number of whom are poor. Rural poor mainly depend on rain-fed agriculture and fragile forests for their livelihoods.
Government of India places high priority on reducing poverty by raising agricultural productivity.
Finance from formal sources --- key driver.
Atmanirbhar presentation - Stimulus by Indian Government - Part 1 business in...Dilip Sankarreddy
Stimulus package announced by Government of India to tackle the economic distress caused by corona virus or covid-19. The stimulus package has been named as 'Atmanirbhar Bharath'.
The total package size is about 10% of India's GDP.
Date of announcement: 13 May 2020.
Aatmanirbhar Bharat Scheme announced by Government of India in the wake of COVID 19. The whole scheme was divided into 5 parts. It is the official PPT of Part 1 entailing the inclusion of MSMEs in the development of economy.
Micro, Small and Medium Enterprises (MSMEs) play a major role in economic development, particularly in emerging countries.
MSMEs :
Contributes to the economic growth,
Enormous potential for growth
Potential for employment and income generation
for vast masses of the country.
Government pronouncements about “Make in India” are fundamentally based on these convictions.
There is heightened attention by the international community on MSME sector.
This is primarily because of the critical importance of job creation in the recovery cycle following the recent financial crisis, and the MSME’s potentials in that respect.
In Indian economy, MSME sector contribute :
45 % of the manufacturing output.
40 % of the exports.
There are 467.56 lakh enterprises in the MSME sector.
Provide the largest share of the employment after agriculture. Employment opportunities to 10.62 crore people across the country.
NON PERFORMING ASSETS – NEED FOR PRAGMATIC & PRACTICAL REGULATORY FRAMEWORK Neha Sharma
The Reserve Bank of India, Indian Banks Association, almost all Public Sector Banks and the Indian businesses are deeply concerned about significant rise in nonperforming assets during last one year. The Indian economy has been passing through unprecedented turbulent times. Many important sectors of the economy have been adversely affected.
Financial statements are written records that convey the business activities and the financial performance of a company.
Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes.
CDD information comprises the facts about a customer that should enable a bank to assess the extent to which the customer exposes it to a range of risks.
The Consumer Protection Act, 2019 has been enacted for the purpose of providing timely and effective administration and settlement of consumer disputes and related matters.
RBI issued updated guidelines on ‘Co-Lending Model’ in November 05, 2020
“co-origination of loans” by banks and NBFCs for lending to the priority sector. “The arrangement entailed joint contribution of credit at the facility level by both lenders as also sharing of risks and rewards” the RBI said
Public Provident Fund or PPF Account benefits are discussed in Hindi as per updated RBI Guidelines 2019. How to open a PPF account online or in Post Office, 10 years Interest Rate Chart, PPF Maturity Chart and other PPF rules regarding withdrawal, eligibility, maturity period etc. are discussed in detail. PPF account can be opened in a Post Office or an Authorized Bank like Bank of India, SBI, PNB, ICICI Bank, HDFC Bank, Axis Bank etc.
DAY - NRLM (DAY - National Rural Livelihoods Mission) 'राष्ट्रीय ग्रामीण आजीव...Abinash Mandilwar
Complete scheme norms of DAY-NRLM (Deendayal Antyodaya Yojana – National Rural Livelihoods Mission) Schemes as per latest RBI guidelines. Important topic for JAIIB/CAIIB Exam and Banking awareness for bankers. Please like, share and comment on the video and subscribe the channel.
AML & KYC Guidelines in Bank | Anti-Money Laundering for JAIIB Exam | Bank Pr...Abinash Mandilwar
This video is based on RBI Master Circular on Prevention of Money Laundering Act, (PMLA) 2002 dated 25/02/2016 (Updated up as on 12 July 2018). This is very helpful for preparation of JAIIB Exam, Bank Promotion Exam & Bank PO Exam ( Banking Awareness). Please like, Share and Subscribe the channel. Your valuable comment for improvement is always welcome. For details You may purchase my JAIIB books online. https://www.amazon.in/s?k=abinash+man...
Follow me on twitter @amandilwar (Abinash Mandilwar)
This video is prepared on the basis of RBI Master Circular on Customer Service. The topic ‘Nomination facility in bank’ is very useful for Bank promotion JAIIB Exam and Bank PO Examination. Please like, share the video and subscribe the channel. Your valuable comments are always solicited. If you want video on any banking topics, please suggest in the comment box.
Kisan Credit Card | किसान क्रेडिट कार्ड | KCC Scheme and Loan Limit AssessmentAbinash Mandilwar
Kisan Credit Card Scheme as per RBI latest guidelines. Complete scheme norms and loan limit assessment for bankers and farmers. Important for JAIIB / CAIIB exam and Bank PO exam (Banking Awareness). Please like and share the video and subscribe my channel for more banking awareness video. For details you may study my book on JAIIB.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the what'sapp contact of my personal vendor.
+12349014282
#pi network #pi coins #legit #passive income
#US
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
how to sell pi coins in Hungary (simple guide)DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the what'sapp contact of my personal pi merchant below. 👇
+12349014282
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
Message: +12349014282 VIA Whatsapp.
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
+12349014282
2. 1968-1972
• National Credit Council held in 1968.
• Description of Priority Sector formalized in 1972.
1974-1979
• Initially no specific targets for PSAs.
• In 1974 it was decided that share of PSAs should increase
to 33 1/3 % of total advances by March 1979.
1980-2006
• Meeting of Union Finance Minister with chief of PSBs, it
was agreed to raise the share of PSAs to 40% of Total
Advances by March 1985.
2007-2015
•The guidelines were revised in the year 2007 and 2012.
•On recommendation of Internal Working Group (IWG),
RBI revised PSL Guidelines w.e.f. 23/04/2015.
04/09/2020
• On recommendation of Internal Working Group (IWG), RBI has
revised the existing Priority Sector Lending guidelines w.e.f.
04/09/2020.
3. • 40% of ANBC or Credit equivalent amount
of Off - Balance Sheet exposure (CEOBE),
Whichever is higher.
Domestic commercial
Banks / Foreign Banks
with 20 & above
branches
• 40% of ANBC or CEOBE, Whichever is
higher. Out of which up to 32% to Exports
and minimum 8% other priority sector.
Foreign Banks with
less than 20
branches
• 75% of ANBC or CEOBE whichever is higher.
However, lending to Medium Enterprises,
Social Infrastructure and Renewable Energy
shall be reckoned for priority sector
achievement only up to 15 % of ANBC.
Regional Rural
Bank
• 75 per cent of ANBC as computed Table
below or CEOBE whichever is higher.
Small Finance
Banks
4. SUMMARY OF THE OTHER PRIORITY SECTOR LENDING TARGETS
Categories Domestic
commercial
banks & foreign
banks with 20
branches and
above
Foreign
banks with
less than 20
branches
Regional Rural
Banks
Small Finance
Banks
Agriculture 18 per cent of
ANBC. out of
which a target
of 10 percent#
for SMFs.
Not
applicable
18 per cent of
ANBC. out of
which a target of
10 percent# for
SMFs.
18 per cent of
ANBC. out of which
a target of 10
percent# for SMFs.
Micro
Enterprises
7.5 per cent of
ANBC.
Not
applicable
7.5 per cent of
ANBC.
7.5 per cent of
ANBC.
Advances
to Weaker
Sections
12 percent# of
ANBC or
CEOBE,
whichever is
higher
Not
applicable
15 percent# of
ANBC or
CEOBE,
whichever is
higher
12 percent# of
ANBC or CEOBE,
whichever is higher
# Revised targets for Agriculture and SMFs will be implemented in a
phased manner.
5. Categories PRIMARY URBAN CO-OPERATIVE BANK
Total Priority
Sector
40 per cent of ANBC or CEOBE, whichever is higher, which shall stand
increased to 75 per cent of ANBC or CEOBE, whichever is higher, with
effect from March 31, 2024. UCBs shall comply with the stipulated
target as per the following milestones:
Existing target March 31,
2021
March 31,
2022
March 31,
2023
March 31,
2024
40% 45% 50% 60% 75%
Micro
Enterprises
7.5 per cent of ANBC or Credit Equivalent Amount of Off-Balance
Sheet Exposure, whichever is higher
Advances to
Weaker
Sections
12 per cent# of ANBC or credit equivalent amount of Off-Balance
Sheet Exposure, whichever is higher.
# Revised targets for weaker sections will be implemented in a phased manner as indicated below.
Financial Year Small and Marginal Farmers target * Weaker Sections target ^
2020-21 8% 10%
2021-22 9% 11%
2022-23 9.5% 11.5%
2023-24 10% 12%
* Not applicable to UCBs
^ Weaker Sections target for RRBs will continue to be 15% of ANBC or CEOBE, whichever is higher.
7. COMPUTATION OF ADJUSTED NET BANK CREDIT (ANBC)
Bank Credit in India (As prescribed in item No. VI of Form ‘A’ as on 31st March) under Sec 42 [2]
of RBI Act, 1934.
I
Bills rediscounted with RBI and other approved Financial institutions II
Net Bank Credit (NBC) III (I-II)
Outstanding Deposits under RIDF and other funds with NABARD, NHB, SIDBI and MUDRA Ltd
foor non-achievement of PSL targets/sub-targets + outstanding PSLCs
IV
Eligible amount for exemptions on issuance of long term bands for infrastructure and
affordable housing as per circular dated July 15, 2014.
V
Eligible advance extended in India against the incremental FCNR(B)/NRE deposits, qualifying
for exemption from CRR/SLR requirements.
VI
Investments made by public sector banks in the Recapitalization Bonds floated by Government
of India.
VII
Other investments eligible to be treated as PSL (e.g. investments in securitised assets) VIII
Face Value of securities acquired and kept under HTM category under the TLTRO 2.0 IX
Bonds/debentures in Non-SLR categories under HTM category X
For UCBs: investments made after August 30, 2007 in permitted non SLR bonds held under
‘Held to Maturity’ (HTM) category
XI
ANBC (Other than UCBs) III + IV- (V+VI+VII) +VIII - IX + X
ANBC for UCBs III + IV - VI - IX + XI
*For the purpose of priority sector computation only. Banks should not deduct / net any amount like provisions,
accrued interest, etc. from NBC.
8. SUB-TARGETS UNDER AGRICULTURE
Domestic commercial Banks, RRBs, Foreign
Banks with 20 & above branches & Small
Finance Banks:
18 per cent of ANBC or CEOBE, whichever
is higher.
Out of which a target of 10 percent is
prescribed for Small and Marginal Farmers
(SMFs), to be achieved by March 2024.
Foreign Banks with less than 20
branches:- No specific target.
9. Computation of 10 % loan to small and marginal
farmers include the following:
Marginal Farmer: Farmer Landholding up to 1 hectare,
Small Farmer: Farmer Landholding up to 2 hectare,
Landless agricultural labourers, tenant farmers, oral lessees
and share-croppers,
Loan to SHG or JLG engaged in agriculture and allied activities,
Loans up to ₹ 2 lakh to individuals solely engaged in Allied
activities without any accompanying land holding criteria,
Loan to farmer producer companies of individual farmers and
co-operative society having 75% Small and Marginal farmer
engaged in agriculture activities.
SMALL & MARGINAL FARMERS
10. Farm Credit Loans to individual farmers, SHG, JLG:
Short-term loan for raising crops, i.e. Crop Loans.
Medium & long-term loan to farmers for agriculture & allied
activities.
Loan to farmers for pre & post-harvest activities.
Loans up to ₹75 lakh against pledge/hypothecation of agricultural
produce (including warehouse receipts) for a period not exceeding
12 months against NWRs/eNWRs and up to ₹50 lakh against
warehouse receipts other than NWRs/eNWRs.
Loans to farmers under KCC Scheme.
Loans to distressed farmers indebted to non-institutional lenders.
Loans to farmers for installation of stand-alone Solar Agriculture
Pumps, solar power plants and for solarisation of grid connected
Agriculture Pumps.
Loan to small & marginal farmers to purchase of land for agriculture
purpose.
AGRICULTURE ADVANCE
11. Farm Credit Loan to corporate farmer, farmer producer
organization, Partnership forms, Co operative societies engaged in
Agriculture and Allied activities for Loans limit up to 2 crore per
borrower. This will include:
Crop Loans to farmer which will include traditional/ Non-traditional
plantations and horticulture, and loans to allied activities.
Medium & long term loan to farmers for agri. & allied activities.
Loan to farmers for pre & post harvest activities.
Loans up to ₹75 lakh against pledge/hypothecation of agricultural
produce (including warehouse receipts) for a period not exceeding 12
months against NWRs/eNWRs and up to ₹50 lakh against warehouse
receipts other than NWRs/eNWRs.
Loans up to ₹5 crores per borrowing entity to FPOs/FPCs undertaking
farming with assured marketing of their produce at a pre-determined
price;
UCBs are not permitted to lend to co-operatives of farmers.
AGRICULTURE ADVANCE
12. Loan for aggregate sanction limit of Rs. 100 crore
per borrower from the banking system.
Loans for construction of storage facilities (Warehouse,
Godowns, market yards) including cold storage units
designed to store Agriculture produce, irrespective of their
location.
Soil conservation and watershed development
Plant tissue culture and agri-biotechnology, seed production,
production of bio-pesticides, bio-fertilizer, and vermi
composting.
Loans for construction of oil extraction/ processing units for
production of bio-fuels, their storage and distribution
infrastructure along with loans to entrepreneurs for setting
up Compressed Bio Gas (CBG) plants.
AGRICULTURE INFRASTRUCTURE
13. Loans up to Rs. 5 crore to co-operative societies of farmers for
disposing of the produce of farmers.
Loans for setting Agriclinic & Agribusiness centre.
Loan sanction to MFIs for on lending Ag activities.
Loans for Food & Agro-processing up to an aggregate sanction
limit of Rs. 100 crore per borrower from the banking system.
Loans up to ₹50 crore to Start-ups, as per definition of Ministry
of Commerce and Industry, Govt. of India that are engaged in
agriculture and allied services.
Bank loans to Primary Agricultural Co operative Society(PACS),
Farmer’s Service Societies (FSS) and Large sized Adivasi Multi
Purpose Scheme (LAMPS) for on lending to Agriculture.
Outstanding deposits under RIDF and eligible funds with
NABRD on account of priority sector shortfall.
AGRICULTURE ANCILLARY ACTIVITIES
14. MICRO, SMALL & MEDIUM ENTERPRISES
Domestic commercial Banks, RRBs, Foreign Banks
with 20 & above branches & Small Finance Banks:
All Bank loan to Micro, Small & Medium
Enterprises both manufacturing and services are
eligible to classified under Priority Sector
Advances.
Micro Enterprises: 7.5 percent of ANBC or Credit
Equivalent Amount of Off-Balance Sheet Exposure,
whichever is higher.
Foreign Banks with less than 20 branches:- No
specific target.
15. Khadi and Village Industries Sector (KVI): All loan given to units of
KVI sector will eligible for classification of 7.5% Micro Enterprises.
Other finance to MSMEs:
a) Loans to person involve in assisting the Artisans, village and
Cottage Industry.
b) Loan to cooperative of producers in the Artisans, village and
Cottage Industry (Not applicable for UCBs).
c) Loan sanction to Banks, MFIs for on lending to MSE sectors.
d) Credit outstanding under GCC (including Artisan Credit Card,
Laghu Udyami Card, Swarojgar Credit Card, and Weaver’s Card
etc. credit needs of individuals).
e) Loans up to ₹ 50 crore to Start-ups, as per definition of Ministry of
Commerce and Industry, Govt. of India of MSME;
f) Overdraft to PMJDY account holders as per limits and conditions
prescribed by Department of Financial Services;
g) Outstanding deposits with SIDBI and MUDRA Ltd. on account of
priority sector shortfall.
MICRO, SMALL & MEDIUM ENTERPRISES
16. TARGETS UNDER EXPORT CREDIT
(Not applicable to RRBs and LABs)
Domestic Commercial Banks / WoS of Foreign banks/
SFBs/ UCBs: Incremental export credit over corresponding
date of the preceding year, up to 2 per cent of ANBC or
CEOBE whichever is higher, subject to a sanctioned limit of
up to ₹ 40 crore per borrower.
Foreign Banks with 20 & above branches: Incremental
export credit over corresponding date of the preceding year,
up to 2 percent of ANBC or CEOBE whichever is higher.
Foreign Banks with less than 20 branches: Export Credit
will be allowed up to 32 % of ANBC or Off- Balance Sheet
exposure, whichever is higher.
17. Weaker Section:- Existing 10% to 12% target of ANBC or CEOBE,
whichever is higher, have to achieve phase wise by 31 March 2024.
(Not applicable to Foreign banks with less than 20 branches).
Loan to Small and Marginal farmers,
Beneficiaries of Govt. Sponsored Schemes such as NRLM, NULM, DRI, SRMS,
Artisans, Village and cottage industries where individual credit limits do not
exceed Rs. 1 lakh per borrower,
Loan to individual SC & ST category ,
Loan to persons with disabilities,
Loans to individual women beneficiaries up to Rs. 1 lac per borrower (For UCBs,
existing loans to women will continue to be classified till their repayment.),
Loans to distressed farmers indebted to non-institutional lenders,
Loans to distressed persons other than farmers not exceeding Rs. 1 lac per
borrower to prepay their debt to non-institutional lenders,
OD limit to PMJDY account holder as per limit prescribed by Govt. of India.
Minority communities as may be notified by Govt. of India from time to time.
WEAKER SECTION
18. Loans to individuals for educational
purposes, including vocational
courses, not exceeding ₹ 20 lakh will
be considered as eligible for priority
sector classification.
Loans currently classified as priority
sector will continue till maturity.
EDUCATION LOAN
19. Bank loans up to a limit of ₹ 5 crore per borrower for
setting up schools, drinking water facilities and sanitation
facilities including construction/ refurbishment of
household toilets and water improvements at household
level, etc. and loans up to a limit of ₹ 10 crore per
borrower for building health care facilities including under
‘Ayushman Bharat’ in Tier II to Tier VI centres.
In case of UCBs, the above limits are applicable only in
centres having a population of less than one lakh.
Bank loans to MFIs extended for on-lending to individuals
and also to members of SHGs/JLGs for water and
sanitation facilities.
SOCIAL INFRASTRUCTURE
20. Bank loans up to a limit of ₹ 30 crore to
borrowers for purposes like solar based power
generators, biomass-based power generators,
wind mills, micro-hydel plants and for non-
conventional energy based public utilities, viz.,
street lighting systems and remote village
electrification etc., will be eligible for Priority
Sector classification.
For individual households, the loan limit will be
₹ 10 lakh per borrower.
RENEWABLE ENERGY
21. a) Loan for Construction and Purchase: Loans to individuals
up to Rs.35 lakh in metropolitan centres (with population of
ten lakh and above) and loans up to Rs. 25 lakh in other
centres for purchase/construction of a dwelling unit per
family provided the overall cost of the dwelling unit in the
metropolitan centre and at other centres should not exceed
Rs. 45 lakh and Rs. 30 lakh respectively.
Existing individual housing loans of UCBs presently
classified under PSL will continue as PSL till maturity or
repayment.
The housing loans to banks’ own employees will be
excluded.
b) Loan for Repairs: Loans for repairs to damaged dwelling
units of families up to Rs.10 lakh in metropolitan centres and
up to Rs. 6 lakh in other centres.
HOUSING LOAN
22. c) Loan to governmental agency: Bank loans to any governmental agency for
construction of dwelling units or for slum clearance and rehabilitation of slum
dwellers subject to dwelling units with carpet area of not more than 60 sq.m.
d) Loan for housing projects: The loans sanctioned by banks for housing
projects exclusively for the purpose of construction of houses for
economically weaker sections and low-income groups, the total cost of which
does not exceed Rs.10 lakh per dwelling unit. For the purpose of identifying
the economically weaker sections and low-income groups, the family income
limit of Rs.3 lakh for EWS and Rs. 6 lakh for LIG per annum, in alignment with
the income criteria specified under the Pradhan Mantri Awas Yojana.
e) Loan to HFC: Bank loans to Housing Finance Companies (HFCs), approved by
NHB for their refinance, for on-lending for the purpose of
purchase/construction/ reconstruction of individual dwelling units or for slum
clearance and rehabilitation of slum dwellers, subject to an aggregate loan
limit of Rs. 20 lakh per borrower.
f) Bank loans for affordable housing projects using at least 50% of FAR/FSI for
dwelling units with carpet area of not more than 60 sq.m.
g) Outstanding deposits with NHB on account of priority sector shortfall.
HOUSING LOAN
23. 1. Loans not exceeding ₹1.00 lakh per borrower provided directly by banks to
individuals and individual members of SHG/JLG, provided the individual
borrower’s household annual income in rural areas does not exceed ₹1.00
lakh and for non-rural areas it does not exceed ₹1.60 lakh, and loans not
exceeding ₹2.00 lakh provided directly by banks to SHG/JLG for activities
other than agriculture or MSME, viz., loans for meeting social needs,
construction or repair of house, construction of toilets or any viable common
activity started by the SHGs.
2. Loans to distressed persons [other than distressed farmers indebted
to noninstitutional lenders] not exceeding ₹1.00 lakh per borrower to
prepay their debt to non-institutional lenders.
3. Loans sanctioned to State Sponsored Organisations for Scheduled Castes/
Scheduled Tribes for the specific purpose of purchase and supply of inputs
and/or the marketing of the outputs of the beneficiaries of these
organisations.
4. Loans up to ₹50 crore to Start-ups, as per definition of Ministry of
Commerce and Industry, Govt. of India that are engaged in activities
other than Agriculture or MSME.
OTHERS
24. PRIORITY SECTOR LENDING
CERTIFICATES
The outstanding priority sector lending
certificates bought by banks will be eligible for
classification under respective categories of
priority sector provided the assets are
originated by banks, are eligible to be classified
as priority sector advances and fulfill the
Reserve Bank of India guidelines on Priority
Sector Lending Certificates issued vide Circular
FIDD.CO.Plan. BC.23/04.09.001/2015-16 dated
April 7 2016.
25. INVESTMENTS BY BANKS IN
SECURITISED ASSETS
(i) Investments by banks in securitised assets, representing loans to
various categories of priority sector, except 'others' category, are
eligible for classification under respective categories of priority
sector depending on the underlying assets provided:
(a) The securitised assets are originated by banks and financial
institutions and are eligible to be classified as priority sector
advances prior to securitisation and fulfil the Reserve Bank of
India guidelines on securitisation.
(b) The all inclusive interest charged to the ultimate borrower by
the originating entity should not exceed the Base Rate of the
investing bank plus 8 percent per annum.
(ii) Investments made by banks in securitised assets originated by
NBFCs, where the underlying assets are loans against gold
jewellery, are not eligible for priority sector status.
26. TRANSFER OF ASSETS THROUGH DIRECT
ASSIGNMENT / OUTRIGHT PURCHASES
(i) Assignments/Outright purchases of pool of assets by banks
representing loans under various categories of priority sector,
except the 'others' category, will be eligible for classification
under respective categories of priority sector provided:
(a) the assets are originated by banks and financial institutions which
are eligible to be classified as priority sector advances prior to the
purchase and fulfil the Reserve Bank of India guidelines on
outright purchase/assignment.
(b) the eligible loan assets so purchased should not be disposed of
other than by way of repayment.
(c) the all inclusive interest charged to the ultimate borrower by the
originating entity should not exceed the Base Rate of the
purchasing bank plus 8 percent per annum.
27. TRANSFER OF ASSETS THROUGH DIRECT
ASSIGNMENT / OUTRIGHT PURCHASES
(ii) When the banks undertake outright purchase of
loan assets from banks/ financial institutions to
be classified under priority sector, they must
report the nominal amount actually disbursed to
end priority sector borrowers and not the
premium embedded amount paid to the sellers.
(iii) Purchase / assignment / investment
transactions undertaken by banks with NBFCs,
where the underlying assets are loans against
gold jewellery, are not eligible for priority sector
status.
28. INTER BANK PARTICIPATION
CERTIFICATES
Inter Bank Participation Certificates (IBPCs) bought by banks, on a
risk sharing basis, are eligible for classification under respective
categories of priority sector, provided the underlying assets are
eligible to be categorized under the respective categories of
priority sector and the banks fulfil the Reserve Bank of India
guidelines on IBPCs.
With regard to the underlying assets of the IBPC transactions
being eligible for categorization under `Export Credit‘ the IBPC
bought by banks, on a risk sharing basis, may be classified from
purchasing bank's perspective for priority sector categorization.
However, in such a scenario, the issuing bank shall certify that the
underlying asset is 'Export Credit', in addition to the due diligence
required to be undertaken by the issuing and the purchasing bank
as per the guidelines in this regard.
29. (i) Banks having any shortfall in lending to priority sector
shall be allocated amounts for contribution to the Rural
Infrastructure Development Fund (RIDF) established with
NABARD and other funds with NABARD/NHB/SIDBI/
MUDRA Ltd., as decided by the Reserve Bank from time
to time.
(ii) With effect from March 31, 2021, all UCBs (excluding
those under all-inclusive directions) will be required to
contribute to RIDF established with NABARD and other
funds with NABARD / NHB / SIDBI / MUDRA Ltd., against
their priority sector lending (PSL) shortfall.
NON-ACHIEVEMENT OF PRIORITY
SECTOR TARGETS
30. (iii) While computing priority sector target achievement, shortfall / excess
lending for each quarter will be monitored separately. A simple average of all
quarters will be arrived at and considered for computation of overall
shortfall / excess at the end of the year. The same method will be followed
for calculating the achievement of priority sector sub-targets.
(iv) The interest rates on banks’ contribution to RIDF or any other funds,
tenure of deposits, etc. shall be fixed by Reserve Bank of India from time to
time.
(v) The mis-classifications reported by the Reserve Bank’s Department of
Supervision (DoS) (NABARD in respect of RRBs) would be adjusted/ reduced
from the achievement of that year, to which the amount of misclassification
pertains, for allocation to various funds in subsequent years.
(vi) Non-achievement of priority sector targets and sub-targets will be taken
into account while granting regulatory clearances/approvals for various
purposes.
NON-ACHIEVEMENT OF PRIORITY
SECTOR TARGETS