 "RBI, Reserve Bank of India")
The Reserve Bank of India (RBI) has revised norms for loans under priority sector, enhancing limits for housing loans and broadening the purposes based on which loans are classified under renewable energy (RE). The new norms will come into effect from April 1, 2025.
For housing, loans up to Rs 50 lakh for centres with population of over 50 lakh and above can be classified as priority sector, with the maximum cost of the dwelling unit at Rs 63 lakh.
For centres with population of more than 10 lakh and up to 50 lakh, loans up to Rs 45 lakh
