**Summary:**
This circular, reference number RBI/2019-20/63, FIDD.CO.Plan.BC.No.1104/09.01/2019-20, dated September 19, 2019, issued by the Reserve Bank of India (RBI), addresses priority sector targets for lending to non-corporate farmers for the fiscal year 2019-20. It is directed to the Chairman/Managing Director/Chief Executive Officer of all Scheduled Commercial Banks (including Regional Rural Banks), Small Finance Banks, and Foreign banks with more than 20 branches. The circular refers to the previous circular No. FIDD.CO.Plan.BC.08/04.09.01/2015-16 dated July 16, 2015, which advised that the system-wide average of the last three years' achievement regarding overall direct lending to non-corporate farmers would be notified annually. The key directive of this circular is to advise that the applicable system-wide average figure for computing achievement under priority sector lending for FY 2019-20 is 12.11 percent.
For further information, contact Gautam Prasad Borah, Chief General Manager-in-Charge, Financial Inclusion and Development Department, Central Office, 10th Floor, Central Office Building, Shahid Bhagat Singh Marg, P.Box No.10014, Mumbai 400 001. Contact can be made via telephone at 91-22-22601000, 91-22-22621011/22610948/22610943, or via email at cgmincfidd@rbi.org.in. The RBI also cautions the public against responding to fraudulent communications requesting personal information.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking system and monetary policy.
Scheduled Commercial Banks: Banks in India that are listed in the Second Schedule of the Reserve Bank of India Act, 1934.
Regional Rural Banks: Regional Rural Banks (RRBs) are financial institutions in India that operate at the regional level. They are designed to provide banking and financial services to rural populations, especially in areas with limited access to traditional banking services.
Small Finance Banks: Small Finance Banks are a type of banking institution in India licensed by the Reserve Bank of India (RBI) to further financial inclusion by providing basic banking services to underserved and unserved populations, including small business units, small and marginal farmers, micro and small industries, and unorganized sector entities.
Foreign banks: Banks with branches operating in India but headquartered outside of India.
Priority Sector Lending: A scheme by Reserve Bank of India that mandates banks to allocate a certain portion of their lending to specific sectors of the economy, such as agriculture, small businesses, and education.
Non-Corporate Farmers: Individual farmers, not organized as a corporation, who are eligible for priority sector lending.
Mumbai, Maharashtra: The city in India where the Central Office of the Reserve Bank of India is located.
भारतीय �रज़व र् बक�
RESERVE BANK OF INDIA
www.rbi.org.in
RBI/2019-20/63
FIDD.CO.Plan.BC.No.11/04.09.01/2019-20 September 19, 2019
The Chairman/ Managing Director
Chief Executive Officer
(All Scheduled Commercial Banks including Regional Rural Banks, Small Finance
Banks and Foreign banks with more than 20 branches)
Dear Sir/ Madam,
Priority Sector Targets - Lending to Non-Corporate Farmers – FY 2019-20
Please refer to our Circular No. FIDD.CO.Plan.BC.08/04.09.01/2015-16 dated July
16, 2015 advising, inter alia, that the system-wide average of the last three years
achievement with regard to overall direct lending to non-corporate farmers will be
notified every year.
2. In this connection, we advise that the applicable system wide average figure for
computing achievement under priority sector lending for the FY 2019-20 is 12.11
percent.
Yours faithfully,
(Gautam Prasad Borah)
Chief General Manager-in-Charge
�वत्तीय समावेशनऔर �वकास �वभाग,क�द्र�य कायार्लय, 10वीं मंिज़ल,क�द्र�य कायार्लय �बिल्डगं ,शह�द भगत �सहं माग,र्पो.बा.सं.10014,मुंबई 400 001
टेल�फोन:Tel No.: +912222601000/ फैक्स: +91-22-22621011/22610948/22610943 ईमेल: cgmincfidd@rbi.org.in
Financial Inclusion and Development Department, Central Office,10th Floor, Central Office Building, Shahid Bhagat Singh Marg, P.Box No.10014, Mumbai 400 001
�हदं � आसान है, इसका प्रयोग बढ़ाइए
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