Multiple choice

Which of the following is incorrect in respect of targets within priority sector?

  1. Advances to weaker section are 10% of ANBC

  2. Micro enterprises credit target is 7.5% of ANBC

  3. Export credit is 12% of ANBC for Indian banks

  4. Agriculture credit is 18% of ANBC
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The targets for banks under priority sector are

a. Agriculture - 18% of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher.

b. Total Priority Sector - 40% of Adjusted Net Bank Credit or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher.

c. Micro Enterprises - 7.5% of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher to be achieved in a phased manner (7% by March, 2016 and 7.5% by March, 2017).

d. Advances to Weaker Sections - 10% of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher.

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