/g)'iFcfCi - 7 3 /2020

19- J{Tffi1 2020

il
~'tf f.1eS<l($
~~ ~ '("H?($l;ft ~

rlff~Jll-WRt-~-i:lTcl-;n(it:lcpq)··ii;TCl=d·q')qIJTC-proVfsion---o-r-----Sh-ort-.:-Term
(ST) I
: $" fmt;mrrt QRT ~ ft6Cf?1:ft tct?T em- refinance. hy NABARD to St~te I
I ~ ~ ~ t{fctm"Q"zyf ~ . Cooperative ~anks for finan~mg I
~ .....-.-' ~ ~ i Seasonal Agricultural Operations I
0\1 - q. 2020-21 "'< "'10 . ; (SAO) - Policy for F. Y. 2020-21 I
·~I 24 ~ 2019 ip ~ ~~. Please refer to our Circular
/DoR- ! NO.226
: 226~ -61/2019 ~ ~ ~ ~ 61/2019 dated :24 .Iulv 2019 communicating I
i ~, 1981 em
'tfRT 21(1) $~~' NABARD's policy for F. Y. 2019-20 on I
~ q~ill(1 ..i)i ~ fd"d41 lSI01 ~ -q[;l ftfffi provision of refinance under Sec. 21(1) of
11£ITCrcff*it5Cf)1-n~ (~~) ipfffi:!:~ NABARD Act, 1981 to State Cooperative I
*it5($!;ft ~ (~. ~ cpl ~ ~'tfT Banks (Stt.Bs) in respect of eligible District
·~ ~ ~ ~t.f it ~ q51 ~ Cf!:f Central Cooperative Banks (DCCBs) for I
2019- 20 ctt ;ftfCl '# 3fQ1l(f CfJ'Xl<:n TfIlT ~. 'Q11 financing Seasonal Agricultural Operations.
~ct ~ ~ fcp Q1=8 ~ ~ 2020-21 i$ We, now advise that the ST (SAO) Policy for
ffi'Q ~ ~ ~ -rm~)
;:ftfc1 em F. Y. 2020-21 has been finalized and the
~ ~ ~~ ~ 3{R fcRqc1 ;ffi(T Jq~t.[ I details thereof are enumerated in the
it eft ~ ~. Annexure 1.
2. ~ *it5Cj?I:ft~cpl-;::r~~~

• ,~
~cm\
m~
· XiIJ(:f
~ ~
~1
Ji.t.fR) .~
-q ~
~ 4.5% -qfci ~!?Pit,
fch-v ~
('l-fffiT
CITA ~1tFn ~ Cb1t refinancE' to SteBs will be 4·.s% p.a. (subject
~%~ 'QIJ qei !2PTI f$ t\) change, if an~', by Gmt. of India), if the
~.ft ~ ~ ~ Jfc=frT(f Short-Term Cooperative Credit structure in
2. The rate of interest on NABARD

~ 9:RT 3fq2j 'ffintr-=iT cpl ~(1ICf)~ .~ the State together \'vith their ovvn
\3"tfRCf5Cff;fcPm;f cp17% 1Jf(1 crtt rrr ~~ q»:f involvement provide crop loan up to Rs·3·00
~ ~ ~o 3 "(1R9 CfCf) cp, Wffffi ~ ~ i lakh per borrower / farmer at 7% p.a. or less.
'GlrQ1'lT. ~ em ~ \~
~t.[ II it 3fP1R : The Bank is required to furnish an.
·err qiFlq:;j (Ji$~2fchTr) ~Cl 'cpRJ wn, IIndertaking l() this effect as per Annexure II. !

: ~ __~~_~I_;ft_ ~'Cf5/!}1ffil1~t WCbW ~ The StCBjDCCl3s are also required to report

Tr?P.f 'f'fTt ::;ft-r <1Tm-nr fcfq:.r+r ih;

National Bank fOi' Agrkulturf.' and Rural Ikvelopment
~~
""'ltc if: m-24.. ;;ft'~, OlTiIT-¥ '.f.'f'l:tit'R1. qi'-:rr (rpl) 'rf'f - 400 051~: ,CIl 22 2()5:l<J:12'i• ~ '9 i 22 20S,]00')0 • r ifi;r:
Dl'plll"tml'lll of RcfinalllT
Ph)! t\(: C<2,i. 'I;' i~hl(j~. Ld!;dr:;_-kurb C{,lllpk''<.. ~)Jljdr';i E .. \lLfli!>~.;j j~h;(I:)J -Tl':" o-t)1:';2 :":0;-'>;9:):2,'";). Fa\: .;.9J 22 26.');300QO. Ewmail:

'-
 3. Affiliated DCCBs may be advised to
3. Mffi 11~ fl$<f5I;[) ~ em \3"~ ensure implementation of KCC scheme by
~ em~
Cf31t ~ <fR ~ titJRT em issuance of RuPay Card to the borro-wing
<f51~f;q~'"l ~ ~ q51 ~ t members.
4. Refinance allocation for your bank for F.
4. Cll!f 2020-21 i$- ~ ~ ~ $- ~
Y. 2020-21 will be communicated to you
~~~CfjI~fC1~ ~~em3!WT~
~ cm-r.
-mq ~~ -qf;f ftrffi 11~
separately by our Regional Office eRO). You
may submit an application for sanction of
fi$<f5I;[) ~,3 ~ ~ it JfR ~ consolidated credit limit on behalf of all the
fiQ<f5I;[) ~, 2 ~ W:q.:n il, mT 3{R "#
eligible DCCBs in a 3 tier structure and the
~ ~ i$- -m~w:rn ~ -mm q51 ~
cp ~ f.1mf«l \xlqJl11T ~ ~i ~ m StCB in case of a 2 tier structure along with
the first drawal, in the prescribed proforma
<f51~f(1~ em~ CfR ~~.
to NABARD RO.
5. Please acknowledge receipt of this circular
to our Regional Office.

("C!C1" JfR ~I11=cj sH )

~~wp

.,! ~rliT ;r;fTl m,' rnJftrrr f.r<fiTJT ~;

National Bank rOJ' Agr-iculture and Rural Development
~fcNrTf
~ if. ~-24 , '.tr iiOIf<I; ,iITiIT-3""
. ~ "'I~~. iITiIT(,,~).
---"--"--. d ~ -::\"'.- 400 051.~: '91 2226539325 .~: +912226530090' t mr: do)," 'Llh,lid.OIL
PI '" . . ,... . . Depar-tment of Refinance . ,.
ot .. () (-24. (, Block. Bandru-Kurla Complex. Bandra I E). vlumba: - 40U USI • Tcl.: H)l 22 26S39:j2S' Fax: +91 2226530090' E-mail: In' :u.fI;,J,;"d ,,,·c.
 ,
~u Annexure I

4l '\Ei41 cpft:t Q fhll ~;:fl' (til <pQ) $ fa"d ciI q 01 $~ ~ '\Ei Q Cf) l;fl ffi 'Cf» ;:mnt 9RT 31 ("Q1q Rl
g"'1f<ftt <pHITCfcc.rR- crtl2020-21
Provision of Short- Term refinance by NABARD to State Cooperative Banks for
financing Seasonal Agricultural Operations - Policy for F. Y. 2020-21
1. 31("QlqRl (4l<pQ) ~ Operative period ofST (SAO) limit
crtl2020-21 ifl ffiQ ~ ~) mm ctt Qf\:'C1I<;HJfQfu 01 ~ 2020 ~ 31 lITif 2021
-tWlT. ~ q f\:=qI('H JfQfu ifl ~R ~fu:r 1:fiOO ~ ifl ffiQ ~ ~ *1t5CflI;f1~ em ~
(~) 1J1fcfu ~ ~ 1J1TQTfT.
The operative period of ST (SAO) limit for F. Y. 2020-21 is 01.04.2020 to 31.03.2021.
ST (SAO) refinance will be provided to the StCB in respect of crop loans disbursed only
during the operative period.
2. '\EiJ1fa,(i ~ <1ft ~ Sanction of consolidated limit

• (Cl)) ~

II.
I. 3~
2~
~m
r=frrn ifl CWCl1fcf) *1ilfct5(i mm
~
~
qft ~
em .~ eft ~
it lID" furffi l=ftrfcfCff *1t5Cfll:fl ~ qft J{R "B~ *1t5Cf>1 {1 ~ em.
if ~ it tIT Cf>A\l11~~ l=f~ fI$Cf>I{1 ~ (\ll1 fcp PACS em
it ~~ if~lr~ ~ fI$Cf>I{l ~ em.
a) A consolidated limit under ST (SAO) will be sanctioned to
I. StCB on behalf of eligible DCCBs in g tier structure.
II. Eligible StCB in case of 2 tier structure or in case of weak DCCBs (which are
not in a position to finance PACS)'

~ ~ *1t5CflI~ ~ em % mm ~ ~ Jffi- ~ fcrCflm ~ ~, 1981 qft ijffi

21 (1 )( i)ifl 'f[Ttf -qf3o ijffi 21 (4) $J.fc11fu ~ *1t5Cfll~ ~ IDXf Pi &:IIfu (i 1iTrr crq.:r ~ ifl
-w:r~ ~ ctt ~.
b) The limit will be sanctioned to StCB under Sec. 21(1) (i) read with Sec. 21(4) of the
NABARDAct, 1981 against DPN executed by StCB

(IT) ~ fI t5<t>I{1~ ~ ~ $~ mR9cllruT&un ~ mrTt fcp ~ ~ JfR

1J11:(T ~ ~ r=frrn if J.fc11fu qfT u ~llJ1..i'i if Rhi 41~ 01 ~ ~ fGrffi l=f~ fI$Cf)1{1
~(3~~ifl~-q)/~*1QCf)I{1~(2~~ifl~ir)em~~
ifl W1~ ~ Jffi- m~ ~ *1t5Cf)I{1*1~fd~l' if -w:r~ fGrerr B~ fI$Cf)I:t) ~ / ~
flt5CflI{1 ~iflmLR~~ 31'ifdaQ ~"B~~.
c) StCB has to declare in writing, at the time of each drawal that the drawal preferred and
the refinance already availed are against the loans pro\ided by StCB to eligible DCCBs
in 3 tier structure /StCB in 2 tier structure for financing SAO and are covered by
adequate non-o'icrdue loans outstanding at DCCB/StCB level against PACS. Banks are
required to submit NODe slatt'T1wnt to NABARD regularly either in physical form or
through digitized platform.
 d) TPNs executed by DCCBs in favour of StCB will continue to be endorsed in favour of
NABARD and StCB will keep the endorsed TPNs with them as agent of NABARD.

3. ~ fie;Cf>lofl m /11~ fie;Cf>lofl m ~~ tmfaT l'iHds Eligibility norms

for StCB I CCBs
3.1 cl'@lq;fl&rr Audit
~ 'tl$Cf)loft ~/~l1£Lrcrcfffl$Cf)I~ ~cp't~ 2018-19 cp't 8~lqofta-rr~mfl~ 3fR
~ ~q=<on' ~ ~ 8@Qofta-rr ~ ~ ~ m
Cf)1~f(1~ em WL(f m ~ m. ~
-31ffiClT, 31 m:cf 2020 cp't W.rfc1~ ~ ~ 'tl $Cf)loft~ em 8@q;ftan 30 ~ 2020 (fCf) ~
m "iJl"R1 ~. 01 ~ 2020 C:B1 <.fT ~ip ~ ~ ftrffi l1£Lrcrcff'tl $Cf) Ioft~ ~ fd1!: ~ "
cp't &lcpf2J 3fR ~ cp't ~ c!t \iff"CMt ~ 8@ q;ftan ~ <fR" "ffi ~ 3fR ~ ~ ~
~ m Cf)1~f(1~em ~~ "8"@-rman ~ <fR" c!t~.
Audit of StCB I DCCBs for the year 2018-19 should have been completed and the relative
audit reports along with financial statements should have been received by the concerned
Regional Office of NABARD. Further, the audit of State Cooperative Banks as on 31.03.2020

• should be completed and the report submitted by 30.09.2020. Sanction and drawals on or
after 01.10.:2.020 will be permitted onl. to such SteBs and against those DCCBs, which have
completed the audit and submitted the relevant audit report to the concerned RO of
NABARD.
3.2 cll~flT~.1~~~JfR '"I Hasl' q;r Jtjqlcl"i Compliance with licensing and
CRARnorms
m~Jffi cp't ~~~R9C1 ~ em ~ Cf)=<~(m~l~~ (11~~'fi Wl{l ~ fi~Cf)I;ft ~ (Jijfjfiw I
Th" ~j~(1) Jffi l1trrCRff fi$Cf)I;ft ~ 3r~ r=fir:rl ~. JtffTtC1~ ~ fd1!: Lff;i Q1l1.
All licensed SteBs (Scheduled / Non Scheduled) and licensed CCBs fulfilling CRAR
conditions mentioned below will be eligible for refinance under ST (SAO).
3.3 3lj'«~d m1 ffi .3fR ~ 11ttrmff fie;Cf)I;fl ffi $" ~ ~ Limits to
scheduled StCBs and affiliated CCBs
3.3.1 ~ (31 ~ 2019 q51 ~ ~ ~ 9% JfR ~ ~ ~~Jffi ~ ~
fi ~ Cfj I{) WP/ l1mcrcff fi ~Cf)I{) ~ :;f5Uf 'ffiBT <tt ~ cpffi t fdQ ~ Q1l1.
StCBs / DCCBs having CRAR uf (/\, and abO\ e only (as on 31.0:3.2019), will be eligible for
sanction of credit limit.

3.3.2 ~ ~ fi~Cf)I{) ~ cpr m3ffXQJffi 9% ~ ~ ~~ FcPm l1~ fi~Cf)I;ft ~

cpr m~Jffi 9% tl Cf)1=f ~ m~ fi~Cf)I;ft ~ em ~ 4i~ fi~Cf)loft ~ t ~~~
"~1tl'M.
In case of SteBs with CRAR of 9% and above but individual CCBs with less than 9%, no
credit limit will be available on behalf of such CCBs.
 In case of StCBs with CRAR less than 9% and Cf'Bs with CRA.Rof 9% and above, credit limit
will be sanctioned directly to the ceBs against Government guarantee or against pledge of
GO\t. approved securities / FDRs of Scheduled Banks. In case of providing direct refinance
to CCBs, guidelines issued vide our circular No. 172 dated 09.09.2011 may be followed.

3-4 ~ -31j~d ~ fl6Cf>1:ft~ ~ fffi:r ~ Limits to non-scheduled StCBs

m~
\3qqCfd -Bl3fRQ-3fR s:j I=i d 61'cpT o/T fR Ji'l{jf'i?1d ~ 't1~Cf5 I{l ~ ~ ~ ~ mBtur
fqcp"m ~ ~ 1981 qft 'C.fR1 21 (3)(Cf5) ~ JftlR 't1~Cf5I{) "l"fltiT Jf~ \3CKf ~ qft tfR1
21 (2)(i) ~ JftlR 't1~CbI{l/ Ji'l~I~ct ~~ qft fTRcfi ~ /Jf~ \3CKf ~ qft tfR133 ~
JftjR Jij~ct ~ qft Tft<:ncft \JIm «fhff qft fTRcfi ~ ~af ;gcrr m-s:rrJiT qft ~ ~ ~ ~
rn.
Non-scheduled StCBs which fulfill the CRAR criteria as stated above, will be eligible for
sanction of credit limits against Government guarantee under Sec. 21(3)(a) of NABARDAct,
198101' pledge of Govt. / approved securities under Sec. 21(2)(i) of Act ibid and / or pledge
of FDR.sof Scheduled Banks under Sec. 33 of Act ibid.

• 3.5 JAUtq; ~ "iHd\S NPA norm

JPl ~ ~ ~ ~ ~ ffiQ ~ 31 ~ 2019 ,qft ~ cp1 ThJ{l' fltlCf5l:i1~ qft ~
~ qft ~ lR 3fTtffitl-&rTt. ftR ~ qft ~ ~ ~ ~ ~ 3{R JffW:T ~ 12%
~ J1ftfcp ~ ~~~ ~ ~ qfl~. ~~, ~ 3{R ~, f*lFcfct5A, ~AI:qf1 ~,
\3:cHl~$ JfR ~ q ~Cf»i<sm~~ ~~~~-3fR~~ JfR JffW:T~ ~
15% ("fCf) qft ~ ~
The eligibility, among other things, will be based on the net NPA position of StCBs as on
31.03.2019. The Banks with Net NPAs not exceeding 12% of net loans and advances
outstanding will be eligible for refi.nance. Net NPA criteria for SteBs in the North Eastern
Region, .Jammu & Kashmir, Sikkim, Himachal Pradesh. Uttarakhand and Andaman &
Nicobar Islands has been relaxed to 1,')9'6 of net loans and advances outstanding.

3.5.1 01 ~ 2020 ~ 30 ~ 2020 $ cITxR ~ AH4\S 31 ~ 2019 qft "ffigr-~

~ rrr (31l1R 2020 qft 8@4~~ ~ ~ m em
31 ~ 2020 i$" 3fTW lR M. 01
'~ 2020 ~ 31 ~ 2021 ~ ~ 31 7iftf 2020 qft 8@4:i1f$:r ~ ~ $ 3fTW ~ M.

• 01 ~
mm
~~ m
2020cp1m~~~~
qt1 «ftcpffi JfR ~
CbIQf(1Q
$t ~
em~
eft ~
~-LlitafT~
fltlcpl:i1 ~ /~l1tJTcRfffltlcpl~
~
~ eft~,
~iPfm!:~
"ffi9Tq~afT~ ~ ffi~ JfR ~ ~
Eligibility criteria during 01 April 2020 to 30 September 2020 will be based on their audited
financial position as on 31.03.2019 or 31.03.2020 (if audited position as on 31.03.2020 is
available). From Olsl October 2020 to 31'1 March 2021, eligibility criteria ,vill be based on
their audited financial position as on 31.03.2020. Sanction and Drawals on or after
01.10.2020 will be permitted onl\ to sLlchSteBs/DCCBs, which have completed the audit
and submitted the rele\',lflt audit report to the concerned RO of NABARD.
 CRAR and NPA position as indicated in the statutory audit report will form the basis of
eligibility. However, in the event of any variation between the audit report and NABARD's
Statutory Inspection Report, the latter will be reckoned for determining the eligibility. In
case of any reason beyond the control of the Bank, the bank is unable to fulfil the eligibility
criteria, NABARD may consider a lower eligibility norm: , with adequate comforts/ security.

3.5.3 ~ '(i$Cf}I:t1 ~ cp't qr:;rcn ~ U41\Jl'i ~ ~ ~ '(i$Cf}It1 ~ ~ m"Q"X 1[0& ~ cp't

TfURT cp't ~ -q cp't ~ ~ m"Q"X. ~ ~ em ~ai ~ w;R ~ ~ ~~ if, ~
1itrrercff '(i$Cf}It1 ~ qft ~ it" f.1£ffiur ~ u[JllJ1'i ~ ~ B~ '(i$¢I:t1 ~ cp't f.iqz;f ~
~ cp't ~ em ~ if ~ \JffQTIT ~ -q cp't ~ ~Jff ~ m "Q"X.
The net NPA position at StCB level and not at the level of StCB branches will be reckoned
for the purpose of eligibility of StCB. In case of providing direct refinance to DCCBs, net
NPA position at DCCB level and not at the level of DCCB branches will be reckoned for the
purpose of eligibility .

• 4.
4.1
I
~
~cm
qft l=I'"BIT Quantum of refinance
fllJiIO£l 1JJiT?IT f.H'l!'jfll~ MThe normal quantum of refinance will be as under:
---------- m~ Eligible limit

I mrt.;-olt'!l'il ~ofStCB .3l1R<t<liNet NPAs

[-qfl ~~;m1 ~ ~ ql*dR1¢ ~
Cf}llTwA ~ UFc1!i1ICi ~ ~ if As a
percentage of realistic lending
program (RLP) of eligible CCBs/StCB]
I Up to 6% (fCf) 40%
Above 6% ~ Jffucp ..3{R- & up to 10% (fCf)' ----~
35%
Above 10% ~ Jffucp ..3{R- &--------
up to 12% (fCf)' 30%
Above 12% ~ JfRrcp -qfl;@' Not eligible
_--

• StCbs in the North Eastern Region, .larnmu & Kashmir, Sikkim, Himachal Pradesh,
Uttarakhand and Andaman & Nicobar Islands, will be eligible for additional refinance of
20% with relaxation in net NPAs, as under:
m~ Eligible limit
"ffiJ ~ qft ~ ~ ~Ift(jqi Net
[-qfl ~ ~;mr ~ ~ ql*dR1¢ ~

NPAs ofStCB Cf514wJi~ Uffil:(ICi ~ ~ iiAs a

percentage of realistic lending program
__ -+ (RLP) of eligible CCBs/StCB]
Up to 10% (fCf)' 60%
Above 10% ~ Jffucp ..3{R- & up to 15%(fCf)' 55%
Above 15% "# Jffucp -qfl ~ Not eligible
 .,
- --------------

if 3ftrm~. 3M~, mWi ~, JfR ~ ~ ~ if

4.3
28 ~
~
(~
JffW:p 3i F2t~ CK1~
~
mew. ip ~~&.1t rfrGr;:n
in fuQ: R;!r:pm ~ mrt:
* ~m;@'5 0ff1~J li\l ~
ClQ(l) ~ in ffiQ: ffi1l ~IAI;£j ~ ~ 5%

StCBs in Eastern Region viz. Bihar, Orissa, West Bengal, Jharkhand, Chhattisgarh States
and 28 districts in Eastern Uttar Pradesh (under BGREI scheme of Govt. of India) will be
eligible for additional refinance of 5% over and above the applicable normal quantum of
refinance, as under:
----------------- --r----- ----m ~ Eligible limit
"ffif ~ ~ ~ JA"Gfq; 31lffd!li N et ! r~ rrn ~?Rl ~ in cm(j~Cfj ~
NPAs ofStCB inl'lF2t}(ld in ~if ABa
~Tf
percentage of realistic lending program
(RLP) of eligible CCBsjStCB]

•
The RLP for the vear :20:20-:21 ma~ be a rrivod at, on the basis of average growth rate in crop
loans disbursed during previous three vears (taking into account the crop loans disbursed
data for last four years). However. keeping in view the ground level realities and other facts,
if any, NABARD may accept RLP which may be lower or higher than the RLP worked out by
the StCB.

5. \3"Q'-~ c¢l ~ Sanction of sub-limits

-;gunttmJfi $" Jfc:rrfu (Cf)) JRf ~ $T ~ (~,

•
~ &m cffl2020-21 ~ ~ ~)
(~) ~ ~ if ~ ~ ~ Tffli LR $ ftr.<R ~JiTJITcft - ffi<.1t:lrt)rn ~
~ if ~ ~ ~Im fW<R - ~ (~rJ~g5~~~A - ~ ip Jfcfrfu ~ $T ~, (tl)
3iIRlcmn ,jH~@1 ~ (\'3)21c1l) ip 3icPfu 311R1qlff!£W$T \3(tllcH ~ \J1XC''!~' $" fffQ ~
&mJfWT~"J"q-~~cpi~
d~j~lx -m:r ~ em ~ cpi TTt ~i1fcpC1~ W:rr em ~ ~ in fffQ l1f1~-QR qlfdruCf)
~fC1CRUT CfjltfwA $" ~~-Q, ~-q-~ ~JITcft, ~-~rt~g5~f1~A ~ JfR
~-~ "J"q-WmJfi $" ~ if ~~.
Separate sub-limits under ST (SAO) credit limits for financing will be sanctioned by
NABARD for the year 2020-21 for the following :(a) cultivation of other crops COC),(b)
cultivation of oilseeds under National Mission on Oilseeds and Oil Palms (NMOOP -
Oilseeds) in the identified districts, (c) cultivation of pulses under National Food Security
Mission - Pulses CNFSM - Pulses) in the identifIed districts and Cd) production credit
requirements oftribals under Development of Tribal Population (DTP).
 •
Accordingly, consolidated limit to be sanctioned to StCB will be segregated into sub-limits
for SAO-OC, SAO-NMOOP, SAO-NFSM (Pulses) and SAO-DTP on the basis of CCB-wise
Realistic Lending Program for respective purposes.

6. ,!"'1 Fcftt ~ GiQl\if ~ Rate of interest on Refinance

6.1 Y)'iRfCd~ ~ q5t QX crr:f 2020- 21 $- ~ 4.5% ~ crr:f mTft \jj) fcp 1-fffi1 'tl '(Cf51'( IDXT
fcm:!: ~ <m9' ~ ~tR ~$- 31m.., QTm. <:ffl 01 ~ 2020 JfR ~ ~ ~ Y)'iRfCd~
~~.~01 ~JfR01 ~·qfr31~3fTlffi~~<W<:lmrrr.tcJ;qij~
~ ~ qiHq~ (~;s~eFcl>~I)~Cfi{~LID:!rr,
The rate of interest on refinance will be 4.5% p.a. during F. Y. 2020-21, subject to revision,
if any, by Govt. of India. This will be applicable to refinance drawn 01.04.2020 onwards.
Interest is payable at half-yearly rests on 01 October and 01 April, as hitherto. The Bank
is required to furnish undertaking as per the Annexure in this regard.

• 6.2 ~[l I [lcf1 g'1 fc1c~:r~q~

iTrT ~ fl ~ ¢I \9 ~ <fr ~~ Wn \Jl1 Ji1Rt "fT~~ ~ ~
~ ~ fl~Cf5I~ $JT ~ ~ ~ 0~of ~ 3~ ClcP~ ~ $JT 7% -md <N Jf~
~ Cf)R ~ '\3'tRr~ qm;:rr ~ m~fffi2: ~ ~m.
The concessional refinance will be available only to those State Cooperative Banks which
together with their own involvement, agree to ensure the provision of crop loans up to Rs.
3.00 lakh per borrower at 7% p.a. or lessby the short-term cooperative credit structure in
the State.

7. q~ill~H ~j~lItI"'1 Operational discipline

7.1 ~ JiR 31~I~~ftDrawal and Repayment

;g1JT tftm tR fcpQ: rm: ~ cp't _ ~ cp't 1WT tR ~ M. "(1tfffq, ~ $JT mm "&>
Jfc1Tfu ~ JfTm ctTr TJ:q) JfWf ;g1JT ~ ~ it m'i1 ~ J{R JfTm cp't ClTfug ~ 12 ~ cp't
.~i'l fllAI;{1 ~~?;ITmr. 12 ~cm~~~~ (1IOf Jf~ ~~~) 15

• CBT<f f?;cruT $- ~
em iJf[ ~ ~ I $1dfRb,
Jjqf~P:lT(1? q5t iJf[ ~
~
~
~ 1
$- 'W'(f m 1Fl'tFf ~ m~ 1 5 fa";:IT ~
q5t CfRRg $- 30 ~ ~

The amount drawll against the limit are repayable on demand. However, each drawal on
~~ ~
GiQl\if 1jlT(fR" ~ m~'«ll Cf51
IJfR q5t R'4fc1it ~
'(
q5t

the credit limit would be treated as a separate loan and would normally be repayable in a
period of 12 months from the datE' of drawal. Repayments (partial of full) before the expil)'
of 12 months may be acceptE'd by NABARD with minimum notice of 15 working days or
with interest payment of 15 days along with the principal. The notice period may,
however, be waived in case the repayment is made 30 days after the date of drawal.

7.2 ~ (.) -$:IT $- Jfcfrffi ~ 'tl$Cf5I{) ~ / ~ ~ IDXT ~ q)f ~

fcttft<:i crr:f if ~ "5fS1JT $- fffi2: f.itITlTcl q fd ~ ct (fCf) ~
1 "WIT.
Drawa] of refinance by StCB::,/DCCBsunder ST (SAO) limit ,vill be restricted to applicable
percentage of refinance of the loan issued during the FY.
 • '7.3 Jf'iffid4 Cf>CR NODC
~qft ~~~LR~-mr~ ~6Cf)1~~q?r~11~ ~6Cf)1~~, ~LRmr
~ ~ \3"t.IR ~ ~t.f t~ if ~ 3f~ cp(R' r=r~ \jq -mm,* ~ ~ \31R1~ ~ 3fTt.IR
LR ~ qft ~ eft ~. <F.nfcr ~ CfJ131'1R1aL!cpq~ Cf)T 3ijQClct'1 \jq-mm qH cpx;:ff
~~fcl>m\jq-~if 3i'1ffiaL! ~if~m~~if, ~~F"Q~ 3HffieL! <PcR
\31R1~ t en ~ ~CK1 ~ ~'l-flful~ FcP<:rr \Jf~. mT ffi q;) lffi ~-~ ~ ~
~ iiifft Cf) ~ ~ ~H Rt d 4 Cf>CR ~ q~01 3f1lTTlfi 11f'Q qft 20 ~ (fCf)" tIT oT Cf) IIIufl '4T fQR
~ fG1 e d ~ e q> 1I:f ~n:rrcun:T ~ ~ WIT.
Drawals on the sanctioned limit will be permitted by NABARD to StCB on the basis of
aggregate NODe (available under all sub-limits) pertaining to the eligible CeBs, which have
outstanding borrowings from StCB as hitherto. The banks arc required to monitor NODe
sub-limit wise, however in case of shortfall in NODe in any of the sub-limits, additional
interest may not be charged if overall NODC is available. The StCB will have to submit
monthly NODC statement indicating CCB-\-\-ise position by 20th of the
succeeding month physically or through digital platform.

• VciIcP .~ ip~, ~ q5l crrfu:g em ~ lFlJi1iR:ft q5l ~ $~~~f.1tITful ~

if ~ em ~ q 81014l q)RT ~. ~ J{(1lQ[, ~ em ~ ~Rgfclcpx;:ff m fcp' ~ ~ f0 ~
~ r:TIcrLT) ~ J.fR 3jffi~CRi J~ (~ ~ iNf ClTfusf em ~ ~
lRJi1iR:ft ~ 3ffircp ~ ~~.
At the time of each dmwal, a certificate in the preseribed format, regarding the availability
of aggregate NODC, as on the date of drawal will have to be furnished by the bank.
\lor('O\ PI'. it 11\([\ be ensured b\ the hank that on am dm. total of normal S1' (SAO)
()utstanding and the Additional ST (~AO) olltst(111dingshould not exceed the aggregate
NODC (l\'ailable on that date.

7.4 Jl""lRtati q;crr -qCf>lfi tR JlRt~Cfdanur Additional interest on NODC deficit

31'1ffi e [j Cf)CR ~ 'if»ft QT2t $ ~ if TIff ~ em JH ffi e [j CPcR qft B1 'if»ft em 1FT cpx;:ff m.
00 ~ -mT B1 ~ $ Q'R ~ ~ cpm em ~ ~ ~ ~ ~ CfJ-frt if 3fm~ LR Ji'1Rie[j

• CP<:R qft 'if»ft LR, ~ qft ~ ~ JfZ® CfJ-m em ~

%, c=rcP 1% IDC1em Ji ffi~ CRi~ ~1-fTft:f M \JfnZTTT.
em fGrn ClTfug em Pi L! fA (1 M\JffiIT

In case of deficit in NODC, StCB will have to make good the deficit in NODC. In case the
StCB fails to make good the deficit within one month from the date of occurrence of such
deficit, additional interest @ 1% p.a. will be charged on the deficit in NODe for the duration
of deficit i.e. till the date on which the amollnt of deficit is regularized.

7.5 ~+l~u;r
GlCf)ltll JfRa:rf\;fq;) JfWT-3ffflT~ Segregation of principal and
interest in the loans outstanding
TIff ~ ~ ~ ~ ~ UCcf)' (3j~/m ~~) em JfWT ~ ~ ~ J.fR ~ ~
q;Wfu- 'B~I[j(11qft rrr;rc:rr ip~ ~ mm ~ ~ J.fR ~ ~, -zyn ifm~ ~ ~ em
-gt ftq1t CfR. ~ WPH l1Tfucp lR~ ~ if ~ ~ ~ ~tA ip '*<r em ('Gfftt, ClWl.
~JfR~tT~\JfRT~,
 •
StCB may exclude the interest component (overdue/ non-overdue interest) from the
outstanding amount and report the principal loan amount only, both in their applications
for credit limit and drawal application, for arriving at the eligibility for refinance support
from NABARD. Besides, only the principal portion of loans (issued, recovered, outstanding
and overdues) should be reported in the monthly NODC statements.
7.6 l1wcrcffti(iq;lofl ~~gm~ ti(iq;lofl ~$-ma-qq; Defaults by DCCBsto
StCB
~ l1tr!"C1Cff t1~($I{1 ~ J{~~ (~i$ ~.~ t1~Cf)I{1 ~ it;- W(r 3 ~ ~ ~ ctt
~ i$ ~ f.RCR ~ i1¥" it ~,ill ~~ -m:r ~ cr?r ~ -mm LR ~ 1=Rf ~ i$ ~~ it
~ (TCf)" ¥" f.i<:@j(1 ~ ~~. q~:q It'H ctt ~ ~tft~.
In case a DCCB is in default to the StCB under ST (SAO) continuously for a period exceeding
3 months, the StCB concerned will not be allowed to operate on the limit in respect of the
DCCBconcerned till the default is regularized.
7.7 ¥ em ~ ~ Clearance of default

•
\Jl1 ~
~ it
:I~£Rit;- -qfclcttJfq;ft
~, ~ ~/Jfzrc;rr fcRft 3RT~
ci'cHCilt§fi[ cplll~ Cf)B-q ~ ~
ctt JRJWft ~trlf«f
~, -a: \Nf ~ it;- ~ ~
illfug (fCP
(fCP
~"B fcpW w:rR ctt ~ ~W $" ffiQ: 'CIDT ~ mD. ~tR it;- 1f1~ ~ / <n ~ it;-
'lfIcfR it ¥ ctt mTcr-R, ~ ~Wct)l{1 ~ \%lJ510: ctt mm LR. \Nf ~ ~ ~ [64510:
~~ t ~ cr?r 10% W(r Cfli ~ ~ ~ it;- ~ \3·cH~I41 mrrr. <t6 ~ ~ it~-
~ lR ~tR f¢<n '\Jll"QTIT.
StCBs \yhich fail to honour their commitments to NABARD in repayment of principal,
payment of interest and / or any other dues by the prescribed due dates, \vill not be eligible
for any refinance facility from NABARDtill the clearance of default in question. In the event
of default in repayment of principal and /01' payment of interest, the StCB will be liable to
pay to NABARD interest on amount of default at 10% p.a. for the period for which the
default persists. The penal interest rates are subject to revision from time to time.

7.8 ~&fUT 'CPT 3ffuctm' Right to inspection

~ (m1~ m 1=Rf ~) ctt ~ cpr fRTarar ~/ fRTarar Cf)xq I~ cpr 31Rrct?R ~ ~

• ~~ .

NABARD reserves tht' right to inspect / get inspected till' books of accounts of the bank
(StCB / eligible DCCBs).

7.9 ~ 3fTRSc (fR';) ~ ~ 3ffuctm' Right to cause special audit

t1~:;Ct>I{1
~ ctt 8@CiI~[jl' ~ ~ (lllif 11t1~;mT ~ ~ tllJOjI~ <tt ~ 8@q{1an
tcr4 cpR Jfzrc:rf ~ ~ "Bq)~ cpr ~ em
31Rrct?R WIT fiJRm ~ ~ M ~~
ctt ~ ffill f.1<n:IT ~ ~ $" ~ ~ M \Jffc1T ~ ~ ~ $" f.n:n:IT ~ fclRr:IT
cpr ~ ~ qrfR M \}ff xm ~.
NABARD will have the right to cause special audit of the books of accounts and other
relevant material of the Cooperative Banks (StCB / eligible DCeBs) either bv itself or
through other agencies to ensure that the same are maintained as per the "rules and
regulations in force and the terms and conditions of refinance are adhered to by the bank.
7.10 -3tra~CR1 ~ Excess drawal
~ ~ f<tRur 0ftfCfT ,Ji.,R1~q ~ $ ~£.f"B Tf("f(l ~ ~ ~ $ 3fT£.ffi" 1R ~"
~ J.fftrcp 9).,[4Cd cpr \3q~lll ~ $ ~ <m, ~ mxr ~ t$"Q; rm: ,JiR1~CffI 9).,[4Cd <m 1%
m<i ~ $ ?;U6 ~ $ tlm (fA ~ $ ~CR ~ '4Tn ~cn ~.
NABARD will take a serious view in case of availment of drawals beyond permissible
quantum of refinance on account of reporting of incorrect data about crop loan
disbursement or of NODC by calling back the excess refinance availed by the bank within 3
days along with the penal interest of 1% pa.

8. ~ \3qti~~1 qft ~ End-lise oflimit

f.iftrit "B q~qJ'"1l ~ *1t?IQC'11/'-Pfffi ~U[ $ 1~q~lll <m CRVR (i~ f.1Rr:il cpr ~ \3q~>111
~ m$ ~ ~ <m ~ 20 3fTR(f 2015 $ 'QliR ~ ~ 175 ~3IT-3fR-47 /2015 "B
~ ~ cpr 'QRR cpR qff ~ tt \JfTClt~.
With a view to avoid diversion of funds, misutilization of interest subvention / crop loan
and to ensure proper end use of funds for the purpose sanctioned, banks have been advised
to follow the instructions contained in our Circular No. 175/ DoR-47/ 2015 dated 20 August
2015 which should be complied with.

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