RBI revises priority sector lending norms

RBI updates priority sector lending guidelines to promote small loans in economically disadvantaged districts, assigning higher weightage to new priority sector loans in areas with lower loan availability. The initiative aims to balance loan distribution across districts and enhance financial inclusion in less advantaged regions.

Jun 22, 2024 - 00:00
RBI revises priority sector lending norms
RBI updates priority sector lending guidelines to promote small loans in economically disadvantaged districts, assigning higher weightage to new priority sector loans in areas with lower loan availability. The initiative aims to balance loan distribution across districts and enhance financial inclusion in less advantaged regions.