Banking · Priority Sector Lending Limits
Regarding Priority Sector Lending limits for MSME and Housing loans, consider the following statements: Statement I: For MSME classification, a Micro Enterprise is one where investment in plant and machinery does not exceed 1 crore rupees and turnover does not exceed 5 crore rupees. Statement II: Housing loans to individuals up to 35 lakh rupees in metropolitan centers (with population 10 lakh and above) are eligible for PSL, provided the overall cost of the dwelling unit does not exceed 45 lakh rupees. Statement III: Loans for repairs to damaged dwelling units up to 10 lakh rupees in metropolitan centers and up to 6 lakh rupees in other centers are eligible for classification under Priority Sector. Choose the correct statements:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II and III
- 3Only I and II✓
- 4Only I
Correct answer
Only I and II
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