New Delhi, July 8 -- Priority Sector Lending (PSL) guidelines need a comprehensive review to align with India's evolving financing needs and the Viksit Bharat 2047 vision, with greater focus on infrastructure, climate finance, renewable energy and higher lending limits across key sectors, according to an SBI Research report.

"Possibly, an opportune time has now come to assess future needs of financial inclusion and priority sector lending and make policy changes needed to ensure access to finance to weaker sections in line with Viksit Bharat objective," The report said.

The report added that the existing PSL framework, introduced in 1972 to improve credit flow to underserved sectors, has served its purpose but now requires reforms to ad...