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Which among the following is considered as Priority Sector for financing by banks?

Which among the following is considered as Priority Sector for financing by banks? Correct Answer Agriculture

The correct answer is Agriculture.

Key Points

  • The priority sector lending by commercial banks in India is to agriculture, small-scale industries, and the weaker sector of the population.
  • Targeted financing for the areas in an economy that are lagging behind the normal pace of development is called priority sector lending.

Additional Information

  • Governor of RBI - Shaktikanta Das
  • Deputy Governor of RBI - M Rajeshwar Rao, T. Rabi Sankar, MK Jain, and MD Patra.
  • RBI Governor and Deputy Governors are appointed by the Central Government. 

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