Priority Sector includes the following categories:
(i) Agriculture
(ii) Micro, Small and Medium Enterprises
(iii) Export Credit
(iv) Education
(v) Housing
(vi) Social Infrastructure
(vii) Renewable Energy
(viii) Others
โ What is included under Weaker Sections under priority sector?
Priority sector loans to the following borrowers are eligible to be considered under Weaker Sections category:-
๐No.Category๐
โ 1. Small and Marginal Farmers
โ 2. Artisans, village and cottage industries where individual credit limits do not exceed โน 0.1 million
โ 3. Beneficiaries under Government Sponsored Schemes such as National Rural Livelihoods Mission (NRLM), National Urban Livelihood Mission (NULM) and Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS)
โ 4. Scheduled Castes and Scheduled Tribes
โ 5. Beneficiaries of Differential Rate of Interest (DRI) scheme
โ 6. Self Help Groups
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โ 7. Distressed farmers indebted to non-institutional lenders
โ 8. Distressed persons other than farmers, with loan amount not exceeding โน 0.1 million per borrower to prepay their debt to non-institutional lenders
โ 9. Individual women beneficiaries up to โน 0.1 million per borrower
โ 10. Persons with disabilities
โ 11. Overdraft limit to PMJDY account holder upto โน 10,000/- with age limit of 18-65 years.
โ 12. Minority communities as may be notified by Government of India from time to time.