Economics · Priority Sector Lending Norms
Evaluate the following loan classification scenarios under RBI's Priority Sector Lending (PSL) guidelines: 1. A loan of ₹12 Lakh extended to a micro-enterprise for purchasing machinery is classified under PSL - Micro Enterprises. 2. A housing loan of ₹40 Lakh to an individual in a metropolitan city (population 10 Lakh+) is eligible under PSL. 3. A ₹2 Lakh short-term credit facility extended to a farmer for crop cultivation qualifies as Agriculture - Crop Loan under PSL. 4. Loans extended to Self-Help Groups (SHGs) for agricultural activities fall under the Weaker Sections target under PSL. Which of the scenarios are correctly classified?
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- 41 and 3 only
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1, 3 and 4 only
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