Loan Melas for
SCs/STs/OBCs and other Minorities
As per extant guidelines of Reserve Bank of
India (RBI) on Priority Sector Lending (PSL), al Scheduled Commercial Banks
(SCBs) are required to earmark 10% of Adjusted Net Bank Credit (ANBC) or Credit
Equivalent amount of Off-Balance Sheet Exposure, whichever is higher, for
Weaker Sections, which inter-alia include Scheduled Castes (SCs) and Scheduled
Tribes (STs) and loans to minority communities.
Banks have reported that such loan melas are also organized by them to facilitate their customers to apply for loans. Such melas are intended to generally cover all category of customers including SCs/STs/OBCs and minorities. This was stated by the Minister of State for Finance, Shri Namo Narian Meena in a written reply to a question in the Lok Sabha today. |
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