A bank manager is processing a loan application for a 'Startup' company engaged in the development of innovative agricultural tools. The startup is recognized by the Department for Promotion of Industry and Internal Trade (DPIIT). The loan amount requested is 45 crore. Is this loan eligible for priority sector classification under RBI guidelines, and under which category?

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Economics · Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Yes, it is eligible under Agriculture - Ancillary Activities up to a limit of 50 crore.

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Answer 1

Yes, it is eligible under the Export Credit category.

Answer 2

Yes, it is eligible under the MSME category but only up to a maximum of 10 crore.

Answer 3

Yes, it is eligible under Agriculture - Ancillary Activities up to a limit of 50 crore.

Answer 4

No, loans to startups are completely excluded from priority sector lending.

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