The RBI on 2nd August, 2022 issued Master Directions consolidating previous guidelines on Priority Sector Lendings (PSL), targets and classification. It aims to harmonize instructions issued to commercial banks, SFBs, RRBs, UCBs and LABs regarding such lending.
The Master Directions aims to ensure that the lending policies are aligned with national priorities and are environment friendly to help achieve Sustainable Development Goals (SDGs).
Further, the Master Directions encompasses revised guidelines on PSL issued separately to various banks and will supersede all earlier Master Directions issued on the subject.
