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What type of loans do commercial banks typically offer to priority sectors?
  • a)
    Personal loans
  • b)
    Unsecured loans
  • c)
    Concessional loans
  • d)
    High-interest loans
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What type of loans do commercial banks typically offer to priority sec...
Commercial banks typically offer concessional loans to priority sectors such as agriculture and small-scale industries. These loans are provided at lower interest rates to stimulate growth and support development in crucial areas of the economy, thereby promoting overall economic stability and growth.
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