<h1>RBI Sets Priority Sector Lending Targets for Banks; 40% ANBC for Priority Sectors, 18% for Agriculture.</h1> The Reserve Bank of India (RBI) has set targets for priority sector lending for all Scheduled Commercial Banks, effective from July 1, 2015. These targets include 40% of Adjusted Net Bank Credit (ANBC) for the total priority sector, 18% for agriculture, 7.5% for micro enterprises, and 10% for advances to weaker sections. Additionally, RBI guidelines mandate banks to calculate base rates using the Marginal Cost of Funds. The government and RBI do not intervene in setting loan interest rates, allowing banks to determine their Marginal Cost Lending Rate (MCLR) independently. This was confirmed by a government official in a parliamentary response.