CII seeks reforms in India’s priority sector lending framework
1 day, 20 hours ago

CII seeks reforms in India’s priority sector lending framework

Live Mint  

New Delhi, Dec 22 Industry body CII has proposed reforms in India's Priority Sector Lending framework, suggesting inclusion of emerging sectors and high-impact sectors like digital infrastructure, green initiatives, healthcare, and innovative manufacturing. Arguing that current Development Finance Institutions like SIDBI and NaBFID have their roles cut out as they have earmarked sectors to finance, the chamber also suggested setting up of a high level committee to look at the revision of PSL norms and explore the need for any new DFIs to cater to some of the new and emerging sectors. Priority Sector Lending is a policy tool aimed at ensuring that key sectors crucial to the nation's development receive adequate financial support. Similarly, sectors like infrastructure and innovative manufacturing lack adequate PSL focus despite their potential to drive economic growth, the chamber pointed out.

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India Inc urges govt to implement industry-friendly reforms
Trending News
1 day, 12 hours ago

India Inc urges govt to implement industry-friendly reforms

Deccan Chronicle  

New Delhi: India Inc on Sunday urged the government to implement industry-friendly reforms, proposing India's priority sector lending framework and advocating for the inclusion of emerging and high-impact sectors such as digital infrastructure, green initiatives, healthcare and innovative manufacturing. “Similarly, sectors like infrastructure and innovative manufacturing lack adequate PSL focus despite their potential to drive economic growth. We could look …

The priority sector lending India needs
3 years, 6 months ago

The priority sector lending India needs

Hindustan Times  

The origins of priority sector lending can be traced back to 1966 when Morarji Desai saw a need for increasing credit to agriculture and small industries. Converting some part of priority sector lending to a grant paid directly by the government can unlock large amounts of efficiency in the system, dramatically increase the valuation of public sector banks, and be …

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