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Short Term Credit Limits to StCBs/CCBs for Financing the Working Capital requirements of Primary/Apex/ Regional Weavers Cooperative Societies, etc. – Policy for the year 2019-20
 DoR       .2019-20        21 ??? June 2019
             
No.NB.DoR-Policy(Weavers)/       /?A-7(P)/2019-20
The Managing Director
All State Cooperative Banks 
Dear Sir 
 
Short Term Credit Limits to StCBs/CCBs for Financing the Working Capital requirements of  Primary/Apex/ Regional  Weavers Cooperative Societies, etc.  – Policy for the year 2019-20
 
????? 23 ?????? 2014 ?? ??????? ?? 73/??????????-23/ 2014 ?? ??? ???? 16 ?? 2018 ?? ????? ??????? ?? 110 / ?????????? – 36 /2018 ????? ????? ??? ??????? ???? 2018-19 ?? ??? ????????? ???? ?? ??????? ????? ???? ???????, 1981 ?? ???? 21(1) ?? ???? ????????/?????/????????? ????? ?????? ???????? ??? ?? ???????? ????? ?????????? ???? ????? ?????? ??????/ ????????? ?????? ?????? ?? ????????? ?? ??? ????????? ?? ?????? ?? ???????? ?? ????? ?? ?? ??. ???? 2019-20 ?? ??? ?? ???? ??? ?? ??? ???? ?? ???? ???? ?? ?????? ???? ??? ??.  ???? ??????? ???? ?? ??? ??????? ?????? ?????? ?????? ??? ??? ?? ???.
 
2. ????? ?????? ?????? ?? ??????? ?? ?????????? ??????? 7.9% ????? ???? ?? ???-??? ?? ??????? ?????? ????????? ????? ?? ?? ???? ?????.  ?????, 23 ?????? 2014 ?? ??????? ??.73/??????????-23/2014 ??? ????? ???? ?? ?????? ?? ??????? ???????? ?? ???? ?? ???? ??????? ????????? ????. 
 
3. ????? ????? ???. Please refer to our Circular No. 110/DoR-36/2018 dated 16 May 2018 read with Circular No.73/DoR-23/2014 dated 23 April 2014 communicating NABARD’s policy for F. Y. 2018-19 for provision of short-term credit limits to State Cooperative Banks/Central Cooperative Banks for financing working capital requirements of Primary /Apex /Regional Weavers Cooperative Societies under Sec 21(1) of NABARD Act, 1981.  It has been decided to continue broadly with the same policy for the year 2019-20 also.  The eligibility criteria pertaining to this policy for the current financial year is given in Annexure.  
 
2.     NABARD's refinance to State Cooperative Banks will be at an interest rate of 7.9% p.a. minimum or such other rate as decided by NABARD from time to time. However, the period for reckoning on various parameters of terms and conditions and quantum of refinance as indicated in Circular No.73/DoR-23/2014 dated 23 April 2014 will undergo changes accordingly.
 
3.    Kindly acknowledge receipt of the same
 
Yours faithfully
G. R. Chintala) 
Chief General Manager
As above 
 
Annexure
 
Provision of Short Term Credit Limits to StCBs/CCBs for Financing the Working Capital requirements of  Primary/Apex/ Regional  Weavers Cooperative Societies, etc.   – Policy for the year 2019-20
 
Audit of StcB / CCBs for the year 2017-18 should have been completed and the relative audit reports along with financial statements should have been received by the concerned RO of NABARD. Further, the audit of State Cooperative Banks as on 31.03.2019 should be completed by 30.09.2019.
 
CRAR norms
 
All licensed StCBs (Scheduled / Non Scheduled) and CCBs complying with CRAR conditions mentioned below would be eligible for refinance under ST(Weavers) 
1. StCBs / CCBs having CRAR of 9% and above only (as on 31.03.2018), will be  eligible (in case of PWCS). 
 
2. In case of StCBs with CRAR of 9 % and above but individual CCBs with less than 9 % no credit limit will be available on behalf of such CCBs (in case of PWCS). 
 
3. StCB with CRAR less than 9 % would not be eligible for fresh refinance.
 
Limits to non-scheduled StCBs 
 
Non-scheduled StCBs which fulfill the CRAR criteria as provided above, will be eligible for sanction of credit limits against Government guarantee under Sec. 21(3)(a) of NABARD Act, 1981 or pledge of Govt. / approved securities under Sec. 21(2)(i) of Act ibid and / or pledge of FDRs of Scheduled Banks under Sec. 33 of Act ibid.
 
(C) NPA Norms 
 
Net NPAs of the StCB not to exceed 10% as on 31.03.2018. However, with a view to increase the credit flow in the North Eastern Region, Jammu and Kashmir, Sikkim, Andaman and Nicobar Islands, Himachal Pradesh and Uttarakhand; the ceiling of net NPA norm criterion in these States will be 15% as on 31.03.2018. The StCBs having net NPA percentage above the prescribed rate will not be eligible for sanction of ST(Weavers) limit.
 
2. All other terms and conditions detailed in Circular No.73/DoR-23/2014 dated 23 April 2014 will remain the same.