Mathematics · Priority Sector Lending Certificate Calculations
A bank has the following shortfalls in Priority Sector Lending (PSL): • Overall PSL Shortfall: ₹1,000 crore • Agriculture Sub-target Shortfall: ₹400 crore • Small/Marginal Farmer Shortfall: ₹200 crore • Micro Enterprise Shortfall: ₹100 crore The market premium rates for PSLCs are: PSLC-General (0.6%), PSLC-Agri (1.2%), PSLC-SF/MF (1.8%), and PSLC-Micro (1.5%). What is the minimum cost the bank must incur to fully meet all its PSL sub-target and overall obligations?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹12.0 crore
- 2₹11.2 crore
- 3₹10.5 crore✓
- 4₹15.1 crore
Correct answer
₹10.5 crore
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