Question

Which of the following credit facility aimed to i ncrease flow of credit to individuals for entrepreneurial activity in the non-farm sector , which is eligible under priority sector guidelines?

Q: Answer-Which of the following credit facility aimed to i ncrease flow of credit to individuals for ent...

Banks can issue General Credit Cards GCC for individualsentities with working capital facilities for non-farm entrepreneurial activities, classified under priority sector lending. Under GCC, t here will be no ceiling on the loan amount as long as the loan is for the purpose of non-farm entrepreneurial activity and is otherwise eligible for classification as priority sector. The limits should be fixed on the basis of risk assessment .