The guidelines have been issued in exercise of powers conferred by Sections 21 and 35A read with Section 56 of Banking Regulation Act, 1949.
Revised Guidelines
- Enhancement of several loan limits:-
- Education : upto ₹25 lakh for individuals (including vocational courses)
- Social Infrastructure: upto ₹8 crore per borrower for setting up schools, drinking water facilities etc
- Other: Housing Loan Limits, Agriculture Loans etc
- Focused on ‘Renewable Energy’:
- Upto ₹35 crore for renewable energy-based power generators and for renewable energy based public utilities such as street lighting systems, remote village electrification.
- The limit is ₹10 lakh for individual households.
- Upto ₹35 crore for renewable energy-based power generators and for renewable energy based public utilities such as street lighting systems, remote village electrification.
- Revision of PSL target for Primary (Urban) Co-operative Bank (UCBs)
- Total Priority Sector: 60%
- Micro Enterprises: 7.5%
- Advances to Weaker Sections: 12%
- Expansion of the category of ‘Weaker Sections’:-
- It now includes Transgenders along with earlier categories of:-
- Small and Marginal Farmers, Distressed farmers indebted to non-institutional lenders, Artisans, Individual members of SHGs or Joint Liability Groups,
- Scheduled Castes & Scheduled Tribes, Persons with disabilities, Minority communities notified by Government of India
- Individual women beneficiaries up to ₹2 lakh (This limit is not applicable to UCBs)
- It now includes Transgenders along with earlier categories of:-
Targets/Sub-targets for Priority sector
