Financial Awareness - Risk, Stability & Emerging Finance
Which of the following is included under Priority Sector Lending as a part of the agriculture sector?
Which of the following is included under Priority Sector Lending as a part of the agriculture sector?
easy Q1 of 15
Step-by-Step Solution
Step 1: Understand agriculture sector under PSL
Priority Sector Lending includes agriculture and allied activities, which cover loans to food processing units related to agriculture.Step 2: Distinguish inclusions
Loans to food processing units are included as they add value to agricultural produce. Loans to large corporate farms and real estate development are excluded. Loans for commercial vehicles are not part of agriculture sector lending.Final Answer:
Loans to Food Processing Units → Option CQuick Check:
Loans to Food Processing Units = correct ✅
Quick Trick: Remember allied activities like food processing are part of agriculture PSL.
Common Mistakes:
- Confusing large corporate farms or commercial vehicle loans as agriculture PSL.
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