Financing of Primary Weavers Cooperative Societies (PWCS) by Scheduled Commercial Banks Refinance Policy for financial year 2019-20
1.  Please refer to our Policy Circular No.115/DoR-41/2018 dated 16 May 2018 read with Circular No.78/DoR-24/2014 dated 23 April 2014 communicating NABARD’s policy for financing Primary Weavers Cooperative Societies. 
2.       It has been decided to broadly continue the same policy for 2019-20 also.   The eligibility criteria prescribed for the year 2019-20 are:
(i) Compliance with minimum CRAR norm of 10.875% (as per Basel III) as on 31.03.2018
(ii) Net NPAs not exceeding 6% of net loans and advances outstanding as on 31.03.2018. Further, the NPA position will be reckoned for the Bank as a whole. 
(iii) The bank should be in Net profit in 2017-18.
(iv) In case of improvement or deterioration in the above parameters as on 31.03.2019, the same will be reckoned for eligibility of refinance.
3.        NABARD's refinance to Scheduled Commercial 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 our Circular No.78/DoR-24/2014 dated 23 April 2014 will undergo changes accordingly.  All other terms and conditions detailed in Circular No.78/DoR-24/2014 dated 23 April 2014 will remain the same.
4.       Kindly acknowledge receipt of the same.