In order to remove difficulties faced by the Urban Co-operative Banks (UCBs), RBI has increased the monetary ceiling of gold loans under Bullet Repayment Scheme from Rs. 2.00 lakh to Rs. 4.00 lakh for UCBs to meet prescribed PSL target
Posted On: 09 OCT 2023 4:35PM by PIB Delhi
Under the leadership of Prime Minister Shri Narendra Modi and guidance of Union Home Minister and Minister of Cooperation, the Ministry of Cooperation is committed to strengthen cooperatives and treat them at par with other forms of economic entities, both as beneficiaries and participants.
In order to remove difficulties faced by the Urban Co-operative Banks (UCBs), the Reserve Bank of India RBI has increased the monetary ceiling of gold loans under Bullet Repayment Scheme from Rs. 2.00 lakh to Rs. 4.00 lakh for UCBs to meet prescribed Priority Sector Lending (PSL) target.
