Question
Which committee recommended the 40% PSL target to be
achieved by 1985, along with sub-targets for agriculture and weaker sections?Solution
Explanation: Ā
The Krishnaswamy Committee (1980) played a landmark role by recommending that PSL targets be set at 40% by 1985 , with specific sub-targets for agriculture and weaker sections. Prior to this, the Gadgil and Nariman Committees (1969) laid the groundwork through the Lead Bank Scheme, while the Informal Study Group (1971) formalized PSL in 1972 without explicit targets. Ā
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