Please refer to NB.DoR.ST Policy/3291/A-1(Gen)/2018-19 dated 28 March 2019 (Circular No.85/DoR-27/2019) and NB.DoR.ST.Policy/1491/A-1(Gen)/2019-20 dated 23 August 2019 (Circular No.255/DoR-72/2019) on the captioned subject, communicating policy/modification in policy for sanction of Additional Short -Term (ST) refinance to State Cooperative Banks for financing Seasonal Agricultural Operations (SAO) 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 would be upto 60% of RLP of eligible CCBs in a 3 tier structure and the StCB in case of a 2 tier structure including outstanding under normal ST (SAO) or as per para ‘4’ of Annexure-I.
2. The StCBs can draw upto 60%(including the amount drawn under STCRC 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 on behalf of all the eligible DCCBs in 3 tier structure/StCB in 2 tier structure, in the prescribed proforma to NABARD RO.
4. Please acknowledge receipt of this circular to our Regional Office.