What is priority lending certificate?
The priority sector lending certificates are certificates issued by banks that have over reached their priority sector
lending targets. PSLCs thus can be issued only up to the extent of their over lending to the stipulated sectors. Buyers of
PSLCs are usually those banks who could not meet their priority sector lending targets. The price of PSLCs will be
determined on the basis of demand and supply that will be reflected in the auction under the RBI‟s e-Kuber training
platform.
As per RBI guidelines, Banks can issue four types of PSLCS including three subsector PSLCs – agriculture, small and
marginal farmers, micor enterprises and one PSLC for general.
The priority sector lending certificates are certificates issued by banks that have over reached their priority sector
lending targets. PSLCs thus can be issued only up to the extent of their over lending to the stipulated sectors. Buyers of
PSLCs are usually those banks who could not meet their priority sector lending targets. The price of PSLCs will be
determined on the basis of demand and supply that will be reflected in the auction under the RBI‟s e-Kuber training
platform.
As per RBI guidelines, Banks can issue four types of PSLCS including three subsector PSLCs – agriculture, small and
marginal farmers, micor enterprises and one PSLC for general.
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