As
per extant guidelines of Reserve Bank of India (RBI) on Priority Sector Lending
(PSL), all Scheduled Commercial banks (SCBs) including Public and Private
Sector Banks are required to earmark 10% of Adjusted Net bank Credit (ANBC) or
Credit Equivalent amount of Off-Balance Sheet Exposure, whichever is higher,
for Weaker Sections, which inter-alia, include Scheduled Castes (SCs) and
Scheduled Tribes (STs) and loans to individual women beneficiaries upto Rs. 50,000
per borrower.
Indian
Banks’ Association (IBA) has advised all member banks to provide at least 0.50%
concession in interest rates on education loans to girl students under its
Model Educational Loan Scheme for pursuing higher education in India and abroad.
At
present there is no proposal with the Government to set up national banks
exclusively for SCs and STs.
This
was stated by Minister of State for Finance, Shri Namo Narain Meena, in written
reply to a question in the Lok Sabha today.
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