The apex industry body has also called for the creation of a high-level committee to review PSL norms while pitching for setting up more Development Finance Institutions (DFIs) to support emerging sectors.
PSL, a key policy tool mandated by the Reserve Bank of India (RBI), ensures banks allocate a portion of their loans to crucial sectors such as agriculture, education, housing, and small industries. This mechanism has been instrumental in ensuring equitable credit distribution and fostering socio-economic development across underserved regions.
The CII pointed out that despite being successful, the PSL framework required recalibration to stay relevant.
Bu hikaye Business Standard dergisinin December 23, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin December 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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