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AGRICULTURAL FINANCE
What is the priority sector lending target for agricultural credit set by RBI for domestic scheduled commercial banks?
Domestic scheduled commercial banks must lend 18% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of Off-Balance Sheet Exposure (CEOBE), whichever is higher, to agriculture.
What is the overall priority sector lending target for Scheduled Commercial Banks as a percentage of Adjusted Net Bank Credit (ANBC)?
40% of ANBC or Credit Equivalent of Off-Balance Sheet Exposure.
What is a Kisan Credit Card (KCC) and its primary purpose?
Kisan Credit Card is a revolving credit facility provided to farmers to meet their short-term credit needs for cultivation of crops, post-harvest expenses, and allied activities.
What is the sub-target for lending to agriculture sector under priority sector norms for domestic banks?
18% of ANBC must go to agriculture sector.
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