Earlier, the priority sector lending classification for on-lending to NBFCs was available till March 31, 2020. The RBI also said that the existing loans disbursed under the on-lending model will continue to be classified under Priority Sector till the date of repayment or maturity. he Reserve Bank of India (RBI) on Monday decided to extend […]
Individuals and Businesses can now avail priority sector loans from banks to buy solar power generators and other non-conventional energy products
RBI issued a Master Circular in which among others agriculture and micro and small enterprises formed a part of priority lending sectors. Availing a loan for acquiring an asset is a legitimate activity for individuals as well as businesses. Banks and financial institutions such as NBFCs offer loans for a variety of purposes. Different types […]