Levels of funding under PMEGP Categories of beneficiaries Beneficiaries contribution (of project cost) Rate of subsidy of project cost Area (location of project/unit) Urban Rural General Category 10% 15% 25% Special (including SC / ST / 05% 25% 35%OBC /Minorities/Women, Ex-servicemen,…
Tag: Finance
A Closer Look at Priority and Non-Priority Sectors Lending as per RBI Classification
The Reserve Bank of India (RBI) plays a pivotal role in shaping the lending landscape in the country. One of its key initiatives is the categorization of lending into various sectors, each with its own distinct purpose and impact on…
Powering up Electric Vehicle Adoption: A Potential Boost through Priority Sector Lending
Government is thinking about making it easier for people and businesses to buy electric vehicles (EVs). They want to do this by including EVs in Priority Sector Lending (PSL) guidelines. These PSL rules make banks give a certain amount of…