New Delhi, July 9 -- Priority Sector Lending (PSL) guidelines require a comprehensive review to align with India's evolving financing needs and the Viksit Bharat 2047 vision, with greater emphasis on infrastructure, climate finance, renewable energy, along with enhanced lending limits across key sectors, according to a 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," ANI reported, citing the report.

Existing Framework Needs Reform

The report said the PSL framework, introduced in 1972, has served its purpose but needs reform to address...