According to a RBI data, non-food credit growth of banks stood at 5.9 per cent in December 2020 as compared to 7 per cent in the same month of the previous year.
- During the reporting month, growth in credit to agriculture and allied activities accelerated to 9.4 per cent from 5.3 per cent in December 2019, the data on sectoral deployment of bank credit for December 2020.
- Non-food credit is bank lending less advances to the Food Corporation of India to buy food.
- Non-food credit comprises Agriculture & Allied Activities, Industry (Micro & Small, Medium and Large ), Services, and Personal Loans.
