Big rural credit push from RBI, start-ups put in priority sector

Written by George Mathew
| Mumbai |

Updated: September 5, 2020 11:10:56 am





The RBI has also brought loans to farmers for installation of solar power plants for solarisation of grid-connected agriculture pumps. (Representational/File photo)

The Reserve Bank of India (RBI) on Friday brought financing of start-ups under the priority sector lending (PSL) category of the banking sector, proposed more credit flow to districts with lower PSL, and doubled loan limits for renewable energy and health infrastructure “to align it with emerging national priorities and bring sharper focus on inclusive development.”

In a bid to address regional disparities in the flow of priority sector credit, the RBI, in its…

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