 "Loans up to Rs 50 crore for start-ups get priority sector tag in new RBI norms")
The Reserve Bank of India (RBI) has revised the norms for the Priority Sector Lending (PSL) to support start-ups and the renewable energy sector. Loans up to R 50 crore for start-ups would be treated as PSL exposure for banks.
For health infrastructure, including entities working under the government's 'Ayushman Bharat' scheme, the lending has been doubled to Rs 10 crore. Such loans will be available for building healthcare facilities in Tier II to Tier VI cities. For Urban Cooperatives Banks (UCBs), the above limits are applicable only in centres having a population of less than one lakh.
The loan limit for
