Targets and Classification: Lending to non-corporate farmers

RBI/2016-17/55
FIDD.CO.Plan.BC.14/ 04.09.01/2016-17

September 1, 2016

The Chairman/ Managing Director
Chief Executive Officer
[All Domestic Scheduled Commercial Banks
(excluding Regional Rural Banks)]

Dear Sir/ Madam,

Priority Sector Lending - Targets and Classification: Lending to non-corporate farmers – System wide average of last three years

It was communicated vide our Circular No. FIDD.CO.Plan.BC.08/04.09.01/2015-16 dated July 16, 2015 on the captioned subject, that the system-wide average of the last three years achievement with regard to overall direct lending to non-corporate farmers will be notified in due course, and thereafter at the beginning of each year.

2. In this regard, the applicable system wide average figure for computing achievement under priority sector lending for the FY 2016-17 is 11.70 percent.

Yours faithfully,

(A Udgata)
Principal Chief General Manager