Economics · Economy
Which of the following statements about Priority Sector Lending (PSL) are correct? 1. PSL mandates banks to allocate a portion of their lending to sectors like agriculture, MSMEs, education, housing, and microfinance. 2. Foreign banks with 20 branches and above have to achieve a total priority sector lending target of 40 percent. 3. PSL helps in financial inclusion by ensuring affordable credit to underprivileged sectors.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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1, 2 and 3
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