So we have a buy in of our strategies at the highest levels Under the aegis of the FSDC, a National Strategy for Financial Education (NSFE) for India has been prepared.
15 lakh irrespective of the location now qualify as priority sector lending; housing loans are understood to form a large component of such lending. In addition, housing credit is also being provided by housing finance companies, which in turn are also receiving some bank finance. Thus, from miniscule amounts, the exposure of the banking sector to housing loans has gone up.