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Report Recommends Expansion of Priority Sector Lending Categories for Development Goals

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New Delhi, July 7 (IANS) Priority Sector Lending limits should be expanded and new categories should be added to ensure credit can meet evolving development priorities in line with Viksit Bharat at 2047 goals, a report said on Tuesday.New areas to be considered for PSL lending include ESG Financing, SDG Commitment, Infrastructure Lending, Financing to EV Ecosystem, etc, report from SBI Research said.Banks are able to meet the 40 per cent overall target PSL (provisional FY26 estimate indicates ov…