RBI has revised the norms for lending the priority sector. The guidelines include the increment in the limits of credit to the farmer producer organisation, health infrastructure and renewable energy. RBI has kept startups under the priority sector lending and for this the bank finance of around Rs.50 Crore under the fresh category has been arranged. The Farmers Produce Organizations (FPOs) or Farmer Producer Companies (FPCs) has been specified with a higher credit limit. RBI has also doubled the loan limits for renewable energy and health infrastructure. The new guidelines will help in better credit penetration in credit deficient areas, to boost up the sectors.
Read More at INDIA TV