Current Affairs · Priority Sector Lending Norms
What is the mandatory sub-target for lending to Micro Enterprises under the Priority Sector Lending (PSL) norms for Domestic Commercial Banks (excluding RRBs and Small Finance Banks)?
- 118 percent of ANBC or CEOBE, whichever is higher
- 212 percent of ANBC or CEOBE, whichever is higher
- 310 percent of ANBC or CEOBE, whichever is higher
- 47.5 percent of ANBC or CEOBE, whichever is higher✓
Correct answer
7.5 percent of ANBC or CEOBE, whichever is higher
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