This document outlines priority sector lending targets for various categories like agriculture, micro enterprises, weaker sections, and total priority sector lending for primary urban cooperative banks. It specifies that total priority sector lending should be 40% of adjusted net bank credit (ANBC) or credit equivalent amount of off-balance sheet exposure, whichever is higher, increasing to 75% by March 2024 through yearly milestones. It also lists revised upward targets for lending to small and marginal farmers and weaker sections to be achieved from 2021-22 onwards.
This document outlines priority sector lending targets for various categories like agriculture, micro enterprises, weaker sections, and total priority sector lending for primary urban cooperative banks. It specifies that total priority sector lending should be 40% of adjusted net bank credit (ANBC) or credit equivalent amount of off-balance sheet exposure, whichever is higher, increasing to 75% by March 2024 through yearly milestones. It also lists revised upward targets for lending to small and marginal farmers and weaker sections to be achieved from 2021-22 onwards.
This document outlines priority sector lending targets for various categories like agriculture, micro enterprises, weaker sections, and total priority sector lending for primary urban cooperative banks. It specifies that total priority sector lending should be 40% of adjusted net bank credit (ANBC) or credit equivalent amount of off-balance sheet exposure, whichever is higher, increasing to 75% by March 2024 through yearly milestones. It also lists revised upward targets for lending to small and marginal farmers and weaker sections to be achieved from 2021-22 onwards.
32% can be in the Medium Enterprises, whichever is
form of lending to Social Infrastructure higher. Exports and not less and Renewable than 8% can be to Energy shall be any other priority reckoned for priority sector sector achievement only up to 15 per cent of ANBC. Agriculture 18 per cent of ANBC Not applicable 18 per cent ANBC or 18 per cent of or CEOBE, whichever CEOBE, whichever is ANBC or is higher; out of which higher; out of which a CEOBE, a target of 10 target of 10 percent# is whichever is percent# is prescribed prescribed for SMFs higher; out of for Small and which a target Marginal Farmers of 10 percent# is (SMFs) prescribed for SMFs Micro 7.5 per cent of ANBC Not applicable 7.5 per cent of ANBC 7.5 per cent of Enterprises or CEOBE, whichever or CEOBE, whichever ANBC or is higher is higher CEOBE, whichever is higher Advances to 12 percent# of ANBC Not applicable 15 per cent of ANBC 12 percent# of Weaker or CEOBE, whichever or CEOBE, whichever ANBC or Sections is higher is higher CEOBE, whichever is higher # Revised targets for SMFs and Weaker Section will be implemented in a phased manner as indicated in para 5.2
Categories Primary Urban Co-operative Bank
Total Priority 40 per cent of ANBC or CEOBE, whichever is higher, which shall Sector stand increased to 75 per cent of ANBC or CEOBE, whichever is higher, with effect from March 31, 2024. UCBs shall comply with the stipulated target as per the following milestones: March 31, March 31, March 31, March March 31, 2020 2021 2022 31, 2023 2024 40% 45% 50% 60% 75% Micro 7.5 per cent of ANBC or Credit Equivalent Amount of Off-Balance Enterprises Sheet Exposure, whichever is higher Advances to 12 per cent# of ANBC or credit equivalent amount of Off-Balance Weaker Sections Sheet Exposure, whichever is higher. # Revised targets for weaker sections will be implemented in a phased manner as indicated below 5.2 The targets for lending to SMFs and for Weaker Sections shall be revised upwards from FY 2021-22 onwards as follows: Small and Marginal Farmers target Financial Year Weaker Sections target ^ * 2020-21 8% 10% 2021-22 9% 11% 2022-23 9.5% 11.5% 2023-24 10% 12%