Priority sector lending includes loans to agriculture, micro enterprises, social infrastructure, education and renewable energy, among others. Mumbai: The Reserve Bank of India (RBI) on Wednesday said it will soon release guidelines on what it called co-origination of loans by banks and non-bank finance companies (NBFCs) for the priority sector. Bankers said the move could help banks meet priority sector lending targets in a more convenient and organized manner, leveraging the reach of NBFCs. Priority sector lending includes loans to agriculture, micro enterprises, social infrastructure, education and renewable energy, among others. ALSO READ: Bank ombudsman scheme to be strengthened: RBI“Banks have been facing challenges on the priority sector loans which are small-ticket loans.

Source: Mint August 01, 2018 18:00 UTC