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March 30, 2024
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Priority Sector Lending is the directive from the RBI to banks, urging them to allocate funds towards designated sectors of the economy such as agriculture and allied activities, education, housing, and food provision for disadvantaged populations. It is aimed at directing a specific portion of commercial bank credit towards certain sectors deemed crucial for the development and social welfare of the Indian economy..
Categories | Domestic commercial banks (excl. RRBs & SFBs) & foreign banks with 20 branches and above | Foreign banks with less than 20 branches | Regional Rural Banks | Small Finance Banks |
Total Priority Sector | 40 % of ANBC | 40 % of ANBC
(out of which up to 32% lending to Exports and not less than 8% can be to any other priority sector) |
75 % of ANBC However, lending to Medium Enterprises, Social Infrastructure and Renewable Energy shall be reckoned for priority sector achievement only up to 15% of ANBC. | 75% of ANBC. |
Agriculture | 18% of ANBC
(Out of which a target of 10 % s SM farmers) |
Not Applicable | 18% ANBC
(Out of which a target of 10 % is for SMFs) |
18% of ANBC
(Out of which a target of 10% is prescribed for SMFs) |
Micro Enterprises | 7.5 % | Not applicable | 7.5 % of ANBC | 7.5 % of ANBC |
Advances to Weaker Sections | 12% of ANBC | Not applicable | 15% of ANBC | 12% of ANBC |
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