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Priority sector lending by bank: How does it work

Priority Lending Rules originated in 1968, along the time when banks were nationalised with the aim of using their funds for national building. Banks were told to lend one third of their funds to sectors that the government determined as priority; largely agri and small scale. By 1985 this proportion rose to 40%.

first published: Aug 11, 2012 12:15 pm

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