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Priority sector lending by public sector banks to minorities has risen from 10.6 per cent in 2007-08 to 15.01 per cent in 2012-13 (as on September 30, 2012), according to the Ministry of Minority Affairs.
A total of Rs 1,71,960.71 crore was lent to minorities, as on September 30, 2012, an official release said here on Tuesday.
“In absolute terms, priority sector lending to minorities has jumped from Rs 58,662.67 crore in 2007-08 to Rs 1,71,960.71 crore as on September 30, 2012, thus increasing almost three-fold during this period,” the release added.
Also, a total of 5,954 bank branches had been opened in areas with a substantial minority population during the period from 2007-2008 to 2011-2012.
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