RBI Update: Priority Sector Lending (PSL) targets / sub-targets and contribution against shortfall in achievement of PSL targets – Primary (Urban) Co-operative Banks (UCBs) - Extension of time

In order to address implementational challenges faced by the UCBs and to make the transition non-disruptive, it has been decided to extend the glide path for these PSL targets by an additional period of two years as under:

Financial Year ended March 31, 2024 March 31, 2025 March 31, 2026 Overall PSL Target @ 60% of ANBCor CEOBSE whichever is higher 65% of ANBC or CEOBSE, whichever is higher 75% of ANBC or CEOBSE, whichever is higher Sub-target for advances to weaker sections # , 11.50% of ANBC or CEOBSE, whichever is higher 11.75% of ANBC or CEOBSE, whichever is higher 12.00% of ANBC or CEOBSE, whichever is higher @ The targets for March 31, 2023 (at 60 %) shall continue till March 31, 2024. # The sub-target set for March 31, 2023 (at 11.50%) shall continue till March 31, 2024.

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