The Reserve Bank of India (RBI) has revised lending norms under which loans up to Rs 2 crore to agricultural companies will qualify for PSL (priority sector lending) status. Under the revised norms, any lending, with an aggregate limit of Rs 2 crore, by banks to corporates including producer companies of individual farmers, partnership firms and co-operatives of farmers in agriculture and allied activities like dairy, fishery, animal husbandry, poultry, bee-keeping and sericulture, would qualify for priority sector lending.........
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