Enhancing Credit Flow to SC/ST Beneficiaries under Major Centrally Sponsored Schemes
The Reserve Bank of India (RBI) has periodically issued comprehensive guidelines and instructions to banks to promote the flow of credit to Scheduled Castes (SCs) and Scheduled Tribes (STs). In order to facilitate greater participation of SC/ST beneficiaries in availing credit facilities, it is imperative to enhance awareness of various schemes through effective communication strategies…
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Padho Pardesh : 100% Interest subsidy to students of minority communities
Students who belong to minority communities’ viz. Muslims, Christians, Sikhs, Buddhists, Jains, and Parsis are eligible for a 100% interest subsidy on education loans. This assistance is available to students who have secured admission to foreign Universities to pursue higher studies (i.e Post-Graduate Diploma, Masters, M.Phil, and Ph.D. level) and whose overall family income is…
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Revised Priority Sector Lending Guidelines: Expansion of Loan Limits and Coverage
The Reserve Bank of India (RBI) has issued revised guidelines on Priority Sector Lending (PSL) following a comprehensive review of existing provisions and stakeholder feedback. These updated norms introduce several significant changes, including an increase in loan limits for housing and renewable energy projects, as well as modifications to the classification criteria for priority sector…
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Revised MSME Classification Criteria Effective from April 1, 2025
The Government of India has revised the classification criteria for Micro, Small, and Medium Enterprises (MSMEs), effective from April 1, 2025. This update was announced by Finance Minister Nirmala Sitharaman during the Union Budget 2025–26 presentation. The revision aims to facilitate business expansion, encourage the adoption of advanced technologies, and enhance access to financial resources…
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RBI increases collateral free agriculture loan limit from ₹1.6 lakh to ₹2 lakh
In a much bigger respite to small and marginal farmers the Reserve Bank of India (RBI) today increased the limit for collateral-free loans for agricultural farmers from ₹1.66 lakh to ₹2 lakh per borrower. “Keeping in view the overall inflation and rise in agriculture input cost over the years, it has been decided to raise…
Government sponsored Scheme: DAY-NRLM/ (SGSY)
Swarnjayanti Gram Swarozgar Yojana (SGSY) was introduced by the Ministry of Rural Development to assist poor families living below the poverty line in rural areas in taking up self-employment. The scheme was renamed as National Rural Livelihood Mission in 2011. In 2016 the program was renamed “Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)”.…
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