Financial Awareness - Risk, Stability & Emerging Finance
What is the prescribed sub-target for lending to small and marginal farmers under the Priority Sector Lending framework?
What is the prescribed sub-target for lending to small and marginal farmers under the Priority Sector Lending framework?
medium Q8 of 15
Step-by-Step Solution
Step 1: Understand sub-targets under PSL
RBI prescribes sub-targets within the overall PSL target to ensure focused lending.Step 2: Recall sub-target for small and marginal farmers
The sub-target for lending to small and marginal farmers is 10% of Adjusted Net Bank Credit.Final Answer:
10% → Option DQuick Check:
PSL sub-target for small and marginal farmers = 10% ✅
Quick Trick: Remember 10% sub-target for small and marginal farmers under PSL.
Common Mistakes:
- Confusing 7.5% or 8% as the sub-target for small and marginal farmers.
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