Which among the following is/are included under the Priority sector?

  1. Agriculture Loans
  2. Education Loans
  3. Micro-credit via self help groups
  4. Small Housing Loans 
  5. State sponsored organisations for SC/ST

Select the correct option from the codes given below:

Answer: [D] 1, 2, 3 ,4 & 5

All of the above statements are correct.The overall objective of priority sector lending program is to ensure that adequate institutional credit flows into some of the vulnerable sectors of the economy, which may not be attractive for the banks from the point of view of profitability.

This question is a part of GKToday's Integrated IAS General Studies Module