Notifications

(528 kb)
Priority Sector Lending- Targets and Classification –Overdraft in PMJDY accounts

RBI/2014-15/477
FIDD.CO.Plan.BC 50 /04.09.01/2014-15

February 25, 2015

The Chairman/ Managing Director/
Chief Executive Officer
[All scheduled commercial banks
(excluding Regional Rural Banks)]

Dear Sir,

Priority Sector Lending- Targets and Classification –Overdraft in PMJDY accounts

Please refer to our Master Circular RPCD.CO.Plan.BC 10/04.09.01/2014-15 dated July 01, 2014 on Priority Sector Lending- Targets and Classification.

2. It has been decided that overdrafts extended by banks upto ` 5,000/- in Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts will be eligible for classification under priority sector advances (‘others’ category) as also weaker sections, provided the borrowers household annual income does not exceed ` 60,000/- for rural areas and ` 1,20,000/- for non-rural areas.

3. The above instructions come into effect from the date of this circular.

Yours faithfully,

(P.Manoj)
Dy.General Manager


2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Archives
Top