DoR. 2019-20 21 June 2019
All Regional Rural Banks
Provision of Short term credit limits to RRBs under Section 21(1)(iv)&(v) read with Section 21(4) of NABARD Act,1981 for financing working capital and marketing requirements of Individual weavers / Handloom Weaver Groups (HWGs) / Master Weavers (MWs), weaver members of defunct/non working weaver societies, Mutually aided Cooperative Societies, Societies outside the Cooperative folds and Producer Group Companies by NABARD– Policy for the year 2019-20
Please refer to our Policy Circular No. 112/DoR-38/2018 dated 16 May 2018 read with Circular No.75/DoR-25/2014 dated 23 April 2014 communicating NABARD’s policy for F.Y. 2018-19 for provision of short term credit limit to Regional Rural Banks for financing working capital and marketing requirements of individual weavers / Handloom Weaver Groups (HWGs)/Master Weavers, weaver members of defunct/non working weaver societies, Mutually aided Cooperative Societies, Societies outside the Cooperative folds and Producer Group Companies.
2. It has been decided to broadly continue the same policy during 2019-20 also. The eligibility criteria pertaining to this policy for current financial year is given in Annexure.
3.NABARD's refinance to Regional Rural Banks (RRBs) 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 our Circular No.75/DoR-25/2014 dated 23 April 2014 undergo changes accordingly.
4. Kindly acknowledge receipt of the same.
(G. R. Chintala)
Chief General Manager
Encl : As above