India updates lending rules to boost credit in housing, education, and renewable energy.

The Reserve Bank of India has updated its Priority Sector Lending (PSL) guidelines to enhance credit flow to key economic sectors, effective April 1, 2025. Changes include higher loan limits for housing and education, with housing loans adjusted based on city population sizes. Renewable energy loans up to ₹35 crore for generators and ₹10 lakh for individual households are eligible. The PSL target for urban cooperative banks has been reduced to 60%. These revisions aim to better support economic growth and accessibility to credit in priority areas.