Which of the following statements about Priority Sector Lending (PSL) are correct? PSL mandates banks to allocate a portion of their lending to sectors like agriculture, MSMEs, education, housing, and microfinance. Only public sector banks are required to meet PSL targets, while private and foreign banks are exempt. PSL helps in financial inclusion by ensuring affordable credit to underprivileged sectors and encourages balanced economic development.

Correct Answer is : 1 and 3 only

IBPS RRB PO Mains 29 Sep 2024 Paper

Question : 94 of 200

Marks: +1, -0

Which of the following statements about Priority Sector Lending (PSL) are correct?

PSL mandates banks to allocate a portion of their lending to sectors like agriculture, MSMEs, education, housing, and microfinance.
Only public sector banks are required to meet PSL targets, while private and foreign banks are exempt.
PSL helps in financial inclusion by ensuring affordable credit to underprivileged sectors and encourages balanced economic development.

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