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RBI’s revised PSL guidelines to boost economy, benefit MSMEs: SBI
The RBI’s recent amendments to the priority sector lending (PSL) guidelines are likely to accelerate India’s growth and strengthen key sectors like MSMEs and exports, a report by SBI Research said. These broaden the criteria under which loans can be classified as ‘renewable energy’ for PSL purposes, which has led to a rise in non-conventional energy credit as a share of total energy credit.
The RBI’s recent amendments to the priority sector lending (PSL) guidelines are likely to accelerate India’s growth and strengthen key sectors like MSMEs and exports, a report by SBI Research said.
These broaden the criteria under which loans can be classified as ‘renewable energy’ for PSL purposes, which has led to a rise in non-conventional energy credit as a share of total energy credit.
