Question

Which of the following statements regarding Priority Sector Lending (PS

  • L norms in India is incorrect?
A Micro, Small and Medium Enterprises (MSME) sector is a part of the priority sector.
B Lending to agriculture, including allied activities, is a major component of the priority sector.
C Foreign banks with less than 20 branches are exempt from meeting Priority Sector Lending targets.
D Social infrastructure loans, subject to certain limits per borrower, qualify under PSL.
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