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What is non priority sector lending in banks?
Other than priority sector lending i.e. education,agriculture,housing etc...these all are priorty sector lendings. And like personal loan,credit card all these are count in non priority lending. Diffrence is interest rate is high for non priority lending. Government is too cautious for priority lending because it can boost our indian economy.
What is credit deployment-?
Various measures have been taken by RBI to deploy credit to various sectors of the economy. for this a certain percentage of bank credit has been earmarked to the priority sector at low interest rates. Low interest rates have been fixed for supply of credit to agriculture and to export sector as well as to other sectors in the priority list.
What is priority sector lending in banks?
Some areas or fields in a country depending on its economic condition or government interest are prioritized and are called priority sectors i.e industry, agriculture. these may further be sub divided. Banks are directed by the state bank of the country that loans must be given on reduced interest rates with discounts to promote these fields. Such lending is called priority sector lending
What is Priority sector lending?
Some areas or fields in a country depending on its economic condition or government interest are prioritized and are called priority sectors i.e industry, agriculture. these may further be sub divided. Banks are directed by the state bank of the country that loans must be given on reduced interest rates with discounts to promote these fields. Such lending is called priority sector lending .
What percentage of people work in the tertiary sector in UK?
89%
What is non priority sector lending in banks?
Other than priority sector lending i.e. education,agriculture,housing etc...these all are priorty sector lendings. And like personal loan,credit card all these are count in non priority lending. Diffrence is interest rate is high for non priority lending. Government is too cautious for priority lending because it can boost our indian economy.
What is meant by industrialization in business studies?
percentage employees in primary sector < percentage employess in secondary sector
How do you find size of sector angle on the pie chart of a budget?
Calculate the percentage of a sector relative to the budge total. The angle for that sector is 3.6 times the percentage.
What is credit deployment-?
Various measures have been taken by RBI to deploy credit to various sectors of the economy. for this a certain percentage of bank credit has been earmarked to the priority sector at low interest rates. Low interest rates have been fixed for supply of credit to agriculture and to export sector as well as to other sectors in the priority list.
What are auca accounts in banking sector?
Advance under collection account
Inthe changing banking sector environment concept of priority sector lending needs to be scrapped comment?
The first step is to change the attitude of the commercial banks towards priority sector lending and the following steps may be adopted to achieve this objective. 1. The RBI should dispense with the present system of target-oriented lending to the priority sector and banks should be given total freedom to lend to all deserving and productive enterprises according to their own norms of lending without spoon-feeding the banks in this regard. 2. The present system of allocating 40% of lendable resources to the priority sector by every bank should not be insisted upon and all penal provisions for not achieving this level of lending to the priority sector should be withdrawn with a view to give a free hand to the banks to develop a portfolio of their choice in the interest of improving the asset quality of every bank. 3. Instead of a penalty-based system which exists at present to penalise the banks who do not reach the stipulated targets, the RBI should come out with an incentive-based system to encourage lending to the priority sector, as an incentivised system will receive better receptivity at all levels, and this will provide the necessary thrust to priority-sector lending by banks. And the incentives could be broadly on the following lines. a) The incentives proposed could be on a staggered basis and inbuilt incentives can be provided for reaching a level of 20%, 30% and 40% of their lendable resources and incentives can be considered in Branch licensing and linking the percentages to CRR /SLR requirements. b) A certain percentage of profit can be exempted from income-tax for those banks reaching these levels of lending to the priority sector. c) Any other incentive could be thought of to provide impetus for lending to the priority sector. 4. All subsidies now provided to banks for lending to certain priority sectors / Govt. Sponsored Schemes should be withdrawn, and in its place, appropriate incentives should be provided so as to minimise the misuse of the subsidy system.
What is percentage of primary sector in UK?
12%
What is the the percentage of primary sector in Spain?
23
What events that caused the primary sector to decline?
the primary sector is in decline because the tertiary sector is growing so there is a higher percentage of workers in the tertiary sector than the primary sector
What is the population percentage of primary sector in India?
23
What is Priority sector lending?
Some areas or fields in a country depending on its economic condition or government interest are prioritized and are called priority sectors i.e industry, agriculture. these may further be sub divided. Banks are directed by the state bank of the country that loans must be given on reduced interest rates with discounts to promote these fields. Such lending is called priority sector lending .
What is priority sector lending in banks?
Some areas or fields in a country depending on its economic condition or government interest are prioritized and are called priority sectors i.e industry, agriculture. these may further be sub divided. Banks are directed by the state bank of the country that loans must be given on reduced interest rates with discounts to promote these fields. Such lending is called priority sector lending
