Government has said that as provided in the Prime Minister’s New 15 Point Programme for the Welfare of Minorities, targets are earmarked for minorities, including Muslims under Priority Sector Lending (PSL) by the Department of Financial Services. Reserve Bank of India (RBI) revised its Master Circular on 5th July, 2007 on PSL for improving credit facilities to Minority communities.
Giving this information in written reply to a question in the Rajya Sabha, Shri Vincent H. Pala, Minister of State for Minority Affairs, said that Rs. 1,43,396.70 crore have been provided to minorities up to March, 2011, which is 14.16% of total PSL. The progress of priority sector lending is reported in financial terms and not in physical terms, the Minister said. Shri Pala further informed the House that the Government is satisfied with the progress in this respect. (PIB)
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