Institutions Eligible for Refinance:
State Co-operative Agriculture & Rural Development Banks (SCARDBs)
Regional Rural Banks (RRBs)
State Co-operative Banks (SCBs)
Commercial Banks (CBs)
State Agricultural Development Finance Companies (ADFCs)
Scheduled Primary Urban Co-operative Banks (PUCBs)
North East Development Finance Corporation (NEDFC)
Non-Banking Financial Companies (NBFCs)
Purposes:
Farm Sector :
Agriculture and allied activities such as minor irrigation, farm mechanisation, land development, soil conservation, dairy, sheep/goat rearing, poultry, piggery, plantation/horticulture, forestry, fishery, storage and market yards, bio-gas and other alternate sources of energy, sericulture, apiculture, animals and animal driven carts, agro-processing, agro-service centres, etc.
Non-Farm Sector :
Artisans, small-scale industries, tiny sector, village and cottage industries, handicrafts, handlooms, powerlooms, etc
Loan Period :
Upto a maximum of 15 years
Refinance Windows
Automatic Refinance Facility (ARF - FS & NFS) : Release of refinance without prior sanction for refinance limit upto Rs.20 lakh to Rs.50 lakh depending on the purpose and agency.
Project based lending ( Subject to Appraisal & Prior Sanction by NABARD )
Criteria for Refinance
Technical Feasibility of the project
Financial viability and bankability
Organisational arrangements for credit supervision
Ultimate Borrowers
Although refinance is provided to SCARDBs/SCBs/CBs/RRBs/ADFCs/PUCBs/NEDFC the ultimate borrowers of investment finance may be individuals, proprietory/partnership concerns, companies, state-owned corporations or co-operative societies.
Interim finance
SCARDBs are being extended interim finance in order to enable them to provide investment credit to ultimate borrowers and avail refinance within 3 months against the same. |
