Question
Which institutional mechanism deals with banks’
shortfalls in meeting Priority Sector Lending (PSL) targets, and how are such funds utilized?Solution
• If commercial banks fail to achieve their PSL targets, the shortfall is not left idle. Instead, they are required to deposit the shortfall amount into the Rural Infrastructure Development Fund (RIDF). • The RIDF is managed by NABARD (National Bank for Agriculture and Rural Development). • These funds are then deployed towards financing rural infrastructure projects such as irrigation, roads, bridges, health centers, and other development schemes in rural areas. • This mechanism ensures that even if banks fail to lend directly to priority sectors, the shortfall still contributes to strengthening rural development and infrastructure.
When did the Customs Tariff Act came into force?
A contract is discharged by novation which means the__________________
An injunction which can only be granted by a decree made at the hearing and upon the merits of the suit is known as _____________
The court may frame the issues from the materials:Â
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Section 14 of The Indian Trust Act 1882 deals with_______?
Period of appearance for proclamation issued under Section 82 of Cr.P.C is not less than
Principle of Res Judicate is contained in which section of Indian Evidence Act 1872
By which of the following way Muslim marriage can be dissolved by a Muslim husband ?
A permanent Lok Adalat shall consist of _________
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