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RBI-Treatment of RIDF and certain other funds under priority sector
May, 17th 2014

RBI/2013-14/591
RPCD.CO.Plan. BC 101/04.09.01/ 2013-14

May 15, 2014

The Chairman/ Managing Director/
Chief Executive Officer 
[All scheduled commercial banks
(excluding Regional Rural Banks)]

Madam/Dear Sir,

Treatment of RIDF and certain other funds under priority sector

It has been decided to include the outstanding deposits placed by scheduled commercial banks under Rural Infrastructure Development Fund (RIDF) and certain other funds established with NABARD, on account of their shortfall in lending to priority sector as part of indirect agriculture under priority sector classification.

2. Accordingly, the outstanding deposits as on March 31st of the current year under RIDF, Warehouse Infrastructure Fund, Short Term Co-operative Rural Credit Refinance Fund and Short Term RRB Fund with NABARD will be treated as part of indirect agriculture and will count towards overall priority sector target achievement. The outstanding deposits under the above funds with NABARD as on preceding March 31st will form part of Adjusted Net Bank Credit.

3. These guidelines are applicable with effect from March 31, 2014. The paragraph (II) (iii) of the master circular RPCD.CO.Plan.BC 9 /04.09.01/2013-14 July 01, 2013 on computation of ANBC is amended accordingly.

Yours faithfully,

(T V Rao)
Deputy General Manager

 
 
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