Priority Sector Advances

Following advances are treated as priority sector advances
•Housing Loans up to Rs.20 lacs irrespective of locations, for constructions of houses.
•Loans for repair and renovations up to Rs. 1 lac in Rural and Semi Urban Area and up to Rs. 2 lacs in Urban Areas.
•Education Loan – Study in India up to Rs.10 lacs and Study abroad – up to Rs.20 lacs
•Traders Loan up to Rs. 20 lacs under Baroda Traders Loan
•Enterprises whose investment in equipments does not exceed Rs.2 crores-. Micro Enterprises and Small Enterprises.
•Agriculture(Direct and Indirect Finance)
•Small Enterprises
•Advance granted to Fair price shops dealing in essential commodities, consumer co operative stores
•Micro Credit- Loan of very small amount not exceeding Rs.50000 per borrower either directly or through SHG/JLG
•Investment by banks in securitized assets, representing loans to various categories of priority sector
•Outright purchase of any loan asset eligible to be categorized under priority sector
•Fresh deposits placed by banks on or after 30.04.2007 with NABARD/SIDBI on account of non achievement of priority sector lending targets