The reserve bank of India (RBI) has released its revised priority sector lending guidelines in which the credit limits are raised for farmer producer organisations, renewable energy and health organizations. As the RBI governor said in a statement that startups are brought under the ambit of priority sector lending. Bank finance of up to Rs 50 crore has been enclosed as a fresh category under priority sector.
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RBI revises priority sector lending guidelines to increase credit limits
By The Thrive
September 5
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