Hello Ekinath q. Will the limit be only Rs. 50,000 ? As per the master circular, the Rs. 50000 limit is set for certain specified categories schemes/borrowers.
Q. Will it include home loans, car loansk, personal loans etc. I mean loan other than business loans? Ans: It is a subcategory of priority sector lending guidelines, As per my understanding it is applicable for all loans classified under priority sector lending. Q: where should we find the actual circular for it? Ans: You may refer to following circulars for more clarification. Priority Sector Lending - Persons with Disabilities (PwD) – Inclusion under Weaker Sections: Date: Mar 13, 2015 RBI/2014-15/499 http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=9600&Mode=0 Master Circular - Priority Sector Lending-Targets and Classification RBI/2014-15/95 Date: Jul 01, 2014 RPCD.CO.Plan.BC 10/04.09.01/2014-15 http://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=9046 Regards Rahul Gambhir On 3/14/15, Ekinath Khedekar <[email protected]> wrote: > Hi > > Thanks for sharing. Encouraging move, but can someone, a banker > clarify this further. > > 1. Does it mean it will have financial impact on the disabled > borrower, Like lower interest rates or something? > 2. Will the limit be only Rs. 50,000 ? > 3. Will it include home loans, car loansk, personal loans etc. I mean > loan other than business loans? > 4. And lastly, where should we find the actual circular for it? > > > Thank you > > > > > > > On 3/13/15, Rahul Gambhir <[email protected]> wrote: >> Source: >> http://economictimes.indiatimes.com/industry/banking/finance/banking/loans-to-differently-abled-persons-will-be-treated-as-priority-sector/articleshow/46554289.cms >> >> Loans to differently abled persons will be treated as priority >> sectorBy ET Bureau | 13 Mar, 2015, 04.40PM IST >> KOLKATA: Bank loans to differently abled persons will be treated as >> weaker section loans within the priority sector ambit, Reserve Bank of >> India said Friday. >> This provision is effective from today. >> "It has been decided that priority sector loans to persons with >> disabilities will be eligible for classification under weaker sections >> category," RBI said in a note to commercial banks excluding regional >> rural banks. >> RBI guidelines stipulate banks to lend 10% of adjusted net bank >> credit or credit equivalent amount of their off-balance sheet >> exposure, whichever is higher, to the weaker section. >> This is a sub-target within the 40% priority sector norms for banks. >> Foreign banks with less than 20 branches are exempted from complying >> with this sub-target. >> Lending to small and marginal farmers, artisans, village and cottage >> industries where individual credit limits do not exceed Rs 50,000, >> scheduled castes and scheduled tribes and self help groups are also >> considered as weaker section loans. >> >> >> >> Register at the dedicated AccessIndia list for discussing accessibility >> of >> mobile phones / Tabs on: >> http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessindia.org.in >> >> >> Search for old postings at: >> http://www.mail-archive.com/[email protected]/ >> >> To unsubscribe send a message to >> [email protected] >> with the subject unsubscribe. >> >> To change your subscription to digest mode or make any other changes, >> please >> visit the list home page at >> http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in >> >> >> Disclaimer: >> 1. 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And what I should > do, by the grace of God, I will do." > EDWARD EVERETT HALE. > > > > Register at the dedicated AccessIndia list for discussing accessibility of > mobile phones / Tabs on: > http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessindia.org.in > > > Search for old postings at: > http://www.mail-archive.com/[email protected]/ > > To unsubscribe send a message to > [email protected] > with the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, please > visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > > > Disclaimer: > 1. Contents of the mails, factual, or otherwise, reflect the thinking of the > person sending the mail and AI in no way relates itself to its veracity; > > 2. 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