Essay Priority Sector Lending

28355 Words Dec 22nd, 2010 114 Pages
The Draft Technical Paper on Review of Priority Sector Lending, prepared by the Internal Working Group set up in Reserve Bank under the chairmanship of Shri C. S. Murthy, Chief General Manager-in-Charge, Rural Planning and Credit Department, was placed on the RBI website on September 30, 2005 for public opinion. Subsequently, on November 8, 2005 one subparagraph has been added under paragraph 6.10 of the Technical Paper.

DRAFT TECHNICAL PAPER BY THE INTERNAL WORKING GROUP ON PRIORITY SECTOR LENDING

This Draft Technical paper does not necessarily reflect the views of Reserve Bank of India

SEPTEMBER 2005

RESERVE BANK OF INDIA RURAL PLANNING AND CREDIT DEPARTMENT CENTRAL OFFICE MUMBAI

CONTENTS
Sr. No. 1 Section 1
…show more content…
The composition of the Working group was as follows: Shri C.S.Murthy, Chief General Manager in-Charge - Chairman Members Shri A.P.Gaur, Director, DESACS; Smt Jaya Mohanty, Director, DEAP; Dr. Mohua Roy, Director, MPD; Dr. Sathyan David, GM, UBD; Shri T.B.Satyanarayan, GM, DBOD; and Shri N.K.Bhatia, DGM, RPCD, Member-Secretary.

1.5

The Working Group prepared six separate papers on the following subjects: a) Directed Lending: International experience; b) Objectives of directed lending in India and concepts of priority sector lending; c) An analysis of priority sector lending; d) Recommendations of earlier committees and suggestions received from different sources and action taken thereon; e) Priority sector lending – Penalty provisions; and f) Priority sector lending and Inter Bank Participation Certificates. The Working Group examined the comments made by earlier Committees/ Groups

1.6

regarding priority sector lending and the action taken thereon in the past. It also examined the various suggestions given by banks, IBA and others with regard to priority sector lending. The Working Group identified several issues pertaining to the priority sector lending and discussed them in detail during the course of its meetings.

1.7

Based on the discussions and the working papers prepared as above, the Working Group The Technical Paper is

has prepared this Technical Paper to facilitate wider discussions. presented under the

Related Documents