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    Question

    What is the priority sector lending target for scheduled

    commercial banks in India?
    A 35% of the total bank credit Correct Answer Incorrect Answer
    B 15% of the total bank credit Correct Answer Incorrect Answer
    C 40% of the total bank credit Correct Answer Incorrect Answer
    D 25% of the total bank credit Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The priority sector lending target for banks in India is 40% of the total bank credit. This target is set by the Reserve Bank of India (RBI) and includes sectors such as agriculture, micro, small, and medium enterprises (MSMEs), education, housing, and exports. Therefore, option C is correct.

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