Which among the following are included under the Priority sector?

  1. Social Infrastructure
  2. Renewable Energy
  3. Education Loans
  4. Export Credit
  5. Small Housing Loans 

Select the correct option from the codes given below:

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

Export Credit is associated to financial institution or agency that provides trade financing to domestic companies. Loans to individuals for educational purposes including vocational courses up to Rs 10 lakh comes under priority sector. Bank loans up to a limit of Rs 5 crore per borrower for building social infrastructure for activities namely schools, health care facilities, drinking water facilities and sanitation facilities in Tier II to Tier VI centres is also included in the priority sector. For Renewable Energy- Bank loans up to a limit of Rs 15 crore to borrowers (individual households- Rs 10 lakh) including for public utilities Viz. Street lighting systems and remote village electrification comes under priority sector.

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