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Indian Government bank loans to Economically Weaker Section (EWS) under various Schemes
India, June 26 -- According to the Reserve Bank of India (RBI) Guidelines on Priority Sector Lending (PSL), a target of 40 percent of Adjusted Net Bank Credit (ANBC) or Credit Equivalent amount of Off-Balance Sheet Exposures (OBE), whichever is higher, as of preceding March 31, has been mandated for lending to the priority sector by domestic Scheduled Commercial Banks and Foreign Banks with 20 branches and above. Within this, sub-targets of 10 and 18 per cent of ANBC or Credit Equivalent amount of OBE, whichever is higher, as of preceding March 31, have been mandated for lending to weaker sections and Agriculture respectively. Further, within the 18 percent target for agriculture, a sub-target of 8 per cent of ANBC or OBE, whichever is high...
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