<h1>Indian banks must allocate 10% credit to weaker sections; no exclusive banks for SC/ST planned.</h1> All Scheduled Commercial Banks in India, including both public and private sectors, must allocate 10% of their Adjusted Net Bank Credit or Credit Equivalent of Off-Balance Sheet Exposure, whichever is higher, to Weaker Sections, which include Scheduled Castes, Scheduled Tribes, and individual women borrowers with loans up to Rs. 50,000. The Indian Banks Association has recommended a 0.50% interest rate concession on education loans for female students pursuing higher education. Currently, the government has no plans to establish national banks exclusively for Scheduled Castes and Scheduled Tribes, as stated by the Minister of State for Finance in the Lok Sabha.