RBI's Priority Sector Lending - What's good about it ?
Tamilnadu TOPs the priority sector loans disbursal already. So, it's no wonder if all the districts are having per capita loan of 25000 already.
Actually new policy says that the incremental credits disbursed for the districts that are having higher credit flow are counted less (90%) --> So banks has to lend even more money in to achieve the target.
For example in districts where the current outstanding credit is already higher (>25,000) for every 100Rs additional credit disbursed it is only considered as 90.
So, how does this calculation would choke the fund supply in TN ? Kindly elaborate ?
1) First and foremost - the long pending demand of startups has been addressed in this RBI's .Startups has been brought under priority sector lending up to 50 Cr
2) Education Loan threshold has been increased from 10 Lakhs to 20 Lakhs
3) Loan Limits for Renewable Energy projects is doubled
4) Urban Co-operatives must lend 75% of its credit for priority sector by 2023
5) Targets for Small & Marginal Farmers and Weaker section is increased in a phased manner from current level of
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