Question
What is the loan amount in the education sector for
studying abroad that is included in the Priority Sector by the RBI?Solution
Education is one of the priority sectors identified by the RBI. Under the Priority Sector Lending guidelines, loans upto Rs 10 lakhs to the individuals for educations purposes including the vocational courses to study in India and upto Rs 20 lakhs for studying abroad are identified under the priority sector by the Reserve Bank of India.
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