Question

What is priority and non priority sector?

Answer 1

hey.

Priority Sector Lending is an important role given by the Reserve Bank of India to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income.

Non-priority debts. Failing to pay non-priority debts is usually less serious than not paying a priority debt. ... Non-priority debts include: credit card debts.