RBI Revises Private Sector Lending Norms for Better Credit Penetration
Reserve Bank of India on September 4 released updated Priority Sector Lending (PSL) guidelines to broaden the area of beneficiaries, for better credit penetration. The statement included new categories which are worth getting loans of Rs 50 crore, including the agriculture sector. Besides, the credit limit is doubled for developing the health infrastructure of the country. RBI said that the revised guidelines are aligned with emerging national priorities.