The reserve bank of India has revised the priority sector lending guidelines for Regional Rural Banks (RRBs) according to which the RRBs will have to increase 18% of their total outstanding towards agricultural activities.
- A target of 7.5 percent of total outstanding will be diverted towards micro enterprises and another 15 percent for weaker sections. The new norms will beimplemented from January 1, 2016 and will be monitored on a quarterly and annual basis.
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