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PRIORITY SECTOR
LENDING-TARGETS AND CLASSIFICATION
Categories under priority sector
(i)
Agriculture
(ii) Micro,
Small and Medium Enterprises
(iii) Export
Credit
(iv)
Education
(v) Housing
(vi) Social
Infrastructure
(vii)
Renewable Energy
(viii)
Others
Categories
i)Domestic scheduled commercial
banks and Foreign banks with 20 branches and above.
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ii)Foreign banks with less than 20 branches.
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Total Priority Sector
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40 percent of Adjusted Net Bank Credit or Credit
Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher.
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Foreign banks with 20
branches and above have to achieve the Total Priority Sector Target within the maximum period of five years starting from April 1, 2013, and ending on March
31, 2018 as per the action plans submitted by them and approved by RBI.
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40 percent of Adjusted
Net Bank or Credit Equivalent Amount of OffBalance Sheet Exposure, whichever
is higher; to be achieved in a phased manner by 2020.
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Agriculture- 18 percent
of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever
is higher.
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Within the 18 percent target for agriculture, the target of 8 percent of ANBC or Credit Equivalent Amount of OffBalance Sheet
Exposure, whichever is higher is prescribed for Small and Marginal Farmers,
to be achieved in a phased manner i.e., 7 percent by March 2016 and 8 per
cent by March 2017.
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Foreign banks with 20 branches and above have to
achieve the Agriculture Target within a maximum period of five years starting
from April 1, 2013, and ending on March 31, 2018, as per the action plans
submitted by them and approved by RBI.
The sub-target for Small and Marginal farmers
would be made applicable post-2018 after a review in 2017.
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Micro Enterprises
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7.5 percent of ANBC or Credit Equivalent Amount
of Off-Balance Sheet Exposure, whichever is higher to be achieved in a phased
manner i.e. 7 percent by March 2016 and 7.5 percent by March 2017.
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The sub-target for Micro Enterprises for foreign
banks with 20 branches and above would be made applicable post-2018 after a
review in 2017.
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Advances to Weaker Sections
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10 percent of ANBC or Credit Equivalent Amount of
Off-Balance Sheet Exposure, whichever is higher.
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Foreign banks with 20 branches and above have to
achieve the Weaker Sections Target within a maximum period of five years
starting from April 1, 2013, and ending on March 31, 2018, as per the action
plans submitted by them and approved by RBI.
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The Total Priority Sector target of 40 percent
for foreign banks with less than 20 branches has to be achieved in a phased
manner as under:
Financial Year The Total Priority Sector as
percentage of ANBC or Credit Equivalent Amount of OffBalance Sheet Exposure,
whichever is higher 2015-16: 32% ; 2016-17 :34% ;2017-18-36% ;2018-19-38% ;2019-20-
40%.
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