Economics · Indian Economy and Priority Sectors
What does the term 'priority sector' primarily signify within the framework of India's economic and credit policies?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Sectors that only cater to urban technology corridors independent of population impact
- 2Sectors that exclusively maximize foreign direct investment without any domestic layout
- 3Sectors that are crucial for the basic development of the economy and address vital credit needs of vulnerable segments✓
- 4Sectors that strictly cater to heavy capital-intensive luxury automobile manufacturing
Correct answer
Sectors that are crucial for the basic development of the economy and address vital credit needs of vulnerable segments
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