Authority to issue the guidelines is granted by Sections 21 and 35A of the Banking Regulation Act of 1949, when read in conjunction with Section 56
The Banking Regulation Act of 1949 provided the authority for the guidelines' release. Section 56 is read in conjunction with Sections 21 and 35A.
Revised Guidelines
Raising several loan limits: Up to ₹25 lakh is available to people for education, including career training.
Social infrastructure, like constructing schools and drinking water facilities, can be funded with up to ₹8 crore per borrower.
Other: Housing loan limits, agricultural loan limits, etc.
With a focus on "Renewable Energy," the maximum amount is ₹10 lakh for individual families and ₹35 crore for public utilities and power generators that use renewable energy, like electrifying remote villages and installing street lighting.
Changes to the Sector of Total Priority for the Primary (Urban) Cooperative Bank (UCB) PSL objective: 60%
The category of "Weaker Sections" has been extended to include:
In addition to the previously mentioned groups, it now includes transgender people: ♦ small and marginal farmers; ♦ distressed farmers with debts to non-institutional lenders; ♦ artisans; ♦ individual members of SHGs or Joint Liability Groups; ♦ Scheduled Castes & Scheduled Tribes; ♦ individuals with disabilities; ♦ minority communities as reported by the Indian government; ♦ individual women beneficiaries up to ₹2 lakh (UCBs are exempt from this cap).
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