RBI expands priority sector lending categories; includes startups

The Reserve Bank has expanded the scope of priority sector lending to include startups funding up to Rs 50 crore, and loans to farmers for installation of solar plants and compressed biogas plants.

The Priority Sector Lending (PSL) guidelines have been comprehensively reviewed and revised to align it with emerging national priorities and bring sharper focus on inclusive development, after having wide ranging discussions with all stakeholders, the RBI said on Friday.

"Revised PSL guidelines will enable better credit penetration to credit deficient areas; increase the lending to small and marginal farmers and weaker sections; boost credit to renewable energy, and health infrastructure," the RBI said in a release.

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