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English Release 20-December 2014
Date Month Year
  • Min of Information & Broadcasting
  • Shri Arun Jaitley inaugurates Multimedia Exhibition on Former Prime Minister Shri Atal Bihari Vajpayee
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  • Winter Session of Parliament enters final lap; Rajya Sabha still to decide on crucial Bills Lok Sabha’s productivity rises to 105% while that of Rajya Sabha declines to 68% Lok Sabha so far clears a record 17 Bills and Rajya Sabha only 11 Introduction of GST Bill in Lok Sabha, passing of labour reform Bills mark the high points of session

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Ministry of Finance07-December, 2012 18:27 IST
Loan Melas for SCs/STs/OBCs and other Minorities

As per extant guidelines of Reserve Bank of India (RBI) on Priority Sector Lending (PSL), al Scheduled Commercial Banks (SCBs) are required to earmark 10% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent amount of Off-Balance Sheet Exposure, whichever is higher, for Weaker Sections, which inter-alia include Scheduled Castes (SCs) and Scheduled Tribes (STs) and loans to minority communities.

Banks have reported that such loan melas are also orgnaised by them to facilitate their customers to apply for loans. Such melas are intended to generally cover all category of customers including SCs/STs/OBCs and minorities.

This was stated by the Minister of State for Finance, Shri Namo Narian Meena in a written reply to a question in the Lok Sabha today.

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