Innovation in priority sector lending4 min read . Updated: 23 Apr 2016, 01:26 AM IST
It has the potential to increase efficiency in banking without sacrificing on larger inclusion and equity goals
A bee-keeping farmer can be given ₹ 2 crore in loans but a paddy farmer can only get ₹ 50 lakh. For buying a home in a town with a population of more than a million, exactly ₹ 28 lakh as a home loan is allowed but only if the overall cost of the house is less than ₹ 35 lakh. ₹ 10 lakh in an education loan or the same amount to install a solar panel in a home will also qualify.
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