 "Commerce Ministry urges RBI to consider entire export sector under priority sector lending")
The Ministry of Commerce and Industry has recommended to the Reserve Bank of India (RBI) to consider the entire export sector under priority sector lending in order to promote exports of goods and services from India, said Union Minister of Commerce and Industry Suresh Prabhu, at the 44th India Gems & Jewellery Award distribution ceremony in Mumbai on Saturday.
Currently, priority sector lending is confined only to specific sectors including agriculture under which banks are required to achieve their annual lending target.
Speaking on the occasion, Prabhu said that it is necessary to consider exports under priority sector lending in
