Saturday, August 11, 2012

What is Priority Sector Lending? Meaning and Areas

Meaning of Priority Sector Lending
Priority sector plays an important role in the economic development of the country. Therefore, the Central (Federal) Government of any country gives this sector priority (first preference) in obtaining loans from banks at a low rate of interest. This is known as a ‘Priority Sector Lending’.Following important points cover the core meaning of priority sector

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