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The loans funded through this process will also be exempted from the computation of adjusted net bank credit for the purpose of calculating priority sector lending requirements.
Indian banks are required to give a minimum 40% of the adjusted net bank credit to the priority sector and foreign banks have a minimum 32% exposure to the priority sector (RBI, 2009).
As per the present norms of Reserve Bank of India (RBI), an Indian bank has to lend 40 per cent of the adjusted net bank credit (ANBC) or credit equivalent amount of off balance sheet exposures (OBE), whichever is higher, to the priority sector.