Priority Sector Lending by banks in India constitutes the lending to

[UPSC Civil Services Exam – 2013 Prelims]

(a) agriculture

(b) micro and small enterprises

(c) weaker sections

(d) All of the above


Answer: (d)        

Explanation:

  • Initially, in 1974, banks in India were mandated to allocate 33.33% of their total credit to the priority sector. However, this target was later revised based on the recommendation of Dr. K S Krishnaswamy to increase it to 40%.
  • Currently, the target for banks is to disburse loans to the priority sector, which includes various segments such as agriculture finance, small enterprises, weaker sections of society, retail trade, microcredit, education loans, and housing loans.
  • Therefore, the correct option is number 4, indicating that the current target for banks is to allocate loans to the priority sector.

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

Read More »
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