Consider the following statements
1.Priority sector lending target of Urban Cooperative Banks(UCBs) is at par with the target applicable to commercial banks.
2.There are penal provisions for UCBs for non-attainment of targets to priority sector and weaker sections.
3.There are incentives for UCBs if they achieve priority sector lending targets.
Which of the above statements is/are correct?
1
1 and 3
2
2 only
3
1 and 2
4
2 and 3
5
All are correct