Provision of Additional Short-Term (ST) refinance by NABARD to Regional Rural Banks for financing Seasonal Agricultural Operations (SAO) - Policy for F. Y. 2020-21
Please refer to NB.DoR.ST Policy/3292/A-1 (Gen)/2018-19 dated 28 March 2019 (Circular No. 86/DoR-28/2019) and NB.DoR.ST.Policy/1490/A-1(Gen)/2019-20 dated 23 August 2019 (Circular No.256/DoR-73/2019) on the above subject, communicating policy/ modification in policy for sanction of additional Short -Term (ST) refinance to Regional Rural Banks (RRBs) for financing Additional Seasonal Agricultural Operations for the FY 2019-20. The policy has since been reviewed and the same is finalized given in Annexure I. The total limit sanctioned under Additional Short-Term refinance will be upto 50% of the RLP including outstanding under normal ST (SAO) or as per para ‘4’ of Annexure-I.
2. RRBs can draw upto 50%, including amount drawn under STRRB fund, of GLC or as the case may be, under this line of credit.
3. You may submit an application for sanction of Additional ST (SAO) credit limit, in the prescribed proforma to NABARD RO in your State.
4. Please acknowledge receipt of this circular to our Regional Office.