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…
Tag: Priority Sector Lending
Which are the priority sectors in lending
The Reserve Bank of India (RBI) has established guidelines for lending in various sectors to promote economic growth and financial inclusion. Here are some of the different types of sectors as per RBI’s priority sector lending (PSL) guidelines: These guidelines…
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…