Priority sector lending target for RRB

Q.  The Reserve Bank of India (RBI) on Thursday revised the priority sector lending target for regional rural banks (RRBs) to-
- Published on 07 Dec 15

a. 90%
b. 60%
c. 75%
d. 70%

ANSWER: 75%
 
- The Reserve Bank of India (RBI) revised the priority sector lending target for regional rural banks (RRBs) to 75% of total outstanding loans from 60% earlier, effective January 2016.
- Categories of the priority sector include, medium enterprises, social infrastructure and renewable energy, with a cap of 15% of total outstanding.
- Agriculture should constitute 18% of total outstanding; target of 8% of total outstanding for small and marginal farmers within agriculture.

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