Banking · Priority Sector Lending
Consider the following statements regarding the Weaker Sections sub-target under Priority Sector Lending (PSL): I. The mandatory sub-target for lending to Weaker Sections for Domestic Commercial Banks is 12% of the Adjusted Net Bank Credit (ANBC) or CEOE. II. Loans to individuals for a house costing up to 10,00,000 are mandatorily classified under Weaker Sections, irrespective of the borrower's income. III. Small and Marginal Farmers (SMFs), beneficiaries of the Differential Rate of Interest (DRI) Scheme, and loans to the disabled are all eligible to be classified under the Weaker Sections category. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only I and II
- 2Only II and III
- 3Only I and III✓
- 4I, II and III
Correct answer
Only I and III
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