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Master Circular - Scheme For Refinance Facilities to Primary (Urban) Co-Operative Banks

UBD.BPD.RCS.Cir. No. 2/10.01.00/2003-2004

October 3, 2003

Chief Executive Officers of

All Primary (Urban) Co-op. Banks

Dear Sir,

Master Circular -Scheme for Refinance Facilities to Primary (Urban)
Co-operative Banks under Section 17 of the RBI Act, 1934 -
Small/Tiny Cottage Industrial Units

As you are aware, the policy governing the sanction of credit limits under Section 17(2)(bb) read with Section 17(4)(c) of the Reserve Bank of India Act, 1934, to the State Co-operative Banks for financing the working capital requirements of the 22 broad groups of cottage and small scale industries (SSI) outside the co-operative sector by the Primary (Urban) Co-operative Banks was introduced in the year 1968 and last modified in 1991. Since then, the policy of providing refinance had been continued on a yearly basis at a time, subject to some modifications in regard to minimum interest rate to be charged to the ultimate borrowers and the definition of Tiny Sector. However, hereafter the policy outlined in Circular BPD.RCS.3/10.01.00/2002-03 dated 28 June 2003 will continue until further notice and annual circular will not be issued unless there is a change in the policy.

2. We have now undertaken the exercise of preparation of Master Circulars in respect of various guidelines/instructions/directives issued by us from time to time on the important matters relating to the functioning of Primary (Urban) Co-operative Banks. Accordingly, we have consolidated our instructions on the refinance facilities to Primary (Urban) Co-operative Banks into a Master Circular which is enclosed.

3. All the currently operative instructions on refinance facilities to Primary (Urban) Co-operative Banks under section 17 of the RBI Act, 1934 contained in circulars listed in Part A of the Appendix as well as in the relevant paragraphs of the Part B of the Appendix have been consolidated. Hereafter, instructions contained in this Master Circular and subsequent instructions, if any, issued from time to time, should only be followed and referenced in any communication with the Reserve Bank.

4. Please acknowledge receipt of this letter to the concerned Regional Office of this Department.

Yours faithfully,

( S.Karuppasamy)
Chief General Manager-in-Charge

Encl: As above

Master Circular

Scheme for Refinance Facilities to Primary(Urban)
Co-operative Banks under Section 17 of the RBI Act, 1934 -
Small/Tiny Cottage Industrial Units

Contents

1. Introduction

2. List of Approved Broad Groups

3. Eligible Lending for Refinance

4. Type of Finance to Eligible Units

5. Refinance Terms and Conditions

5.1 Eligible Banks

5.2 Fixation of Refinance Limits

5.3 Interest Rate

5.4 Guarantee

5.5 Application for Refinance

5.6 Documentation

5.7 Availing of Refinance

5.8 Reporting Requirements

5.9 Records to be Maintained

6. Other Instructions for Primary (Urban) Co-operative Banks

7. Instructions for Central District Co-operative Banks

8. Instructions for State Co-operative Banks

9. Instructions for the Registrar of Co-operative Societies

  • Annexure 1 15
  • Annexure 2 16
  • Annexure 3 17
  • Appendix 18

Master Circular

Scheme for Refinance Facilities to Primary (Urban)

Co-operative Banks under Section 17 of the RBI Act, 1934 -
Small/Tiny Cottage Industrial Units

    1. new small and tiny units, and
    2. those in existence/operation for not more than 7 years.

      1. Bill Discounting

    1. The banks may purchase/discount bills up to the extent of 100 % i.e. without any margin, drawn only on parties of good standing and repute as approved by the Board of the banks at the time of granting the bills purchase/ discounting limits.
    2. The facility should be limited to only genuine trade bills which evidence sale and/or despatch of goods.
    3. Clean bills (accommodation bills) and bills covering hire purchase transactions and sale of service should not be purchased/ discounted under the facility.
    4. The types of bills that may be purchased/discounted should be further limited to -

    1. bills accepted by the purchaser's bank,
    2. bills drawn on the buyer and the buyer's bank jointly, and accepted by them jointly
    3. bills drawn on and accepted by the buyer under irrecoverable letter of credit and certified by the buyer's bank to that effect,
    4. bills drawn on and accepted by the buyer and endorsed by the seller in favour of his bank and bearing a certificate signed by the buyer's bank to the effect that payment would be made by that bank 3 days before the date of maturity.

    1. The bills should be of a usance not exceeding 90 days.
    2. The bills of exchange arising out of sale of commodities notified under selective credit control measures should not be purchased/discounted.
    3. The bills should specifically exclude the usual grace period.
    4. The bills discounted and outstanding for more than 90 days from the due date (excluding the usual days of grace) should be removed from the bills discounted account by debit to the current account of parties concerned.

At the time of applying for refinance facilities, the bank concerned should give a certificate to the effect that while discounting bills the bank has duly complied with above stipulations.

      1. Other Book Debts

    1. The book debts of the parties having an established and satisfactory business relationship should only be approved by the banks. In approving the parties, the banks should take into account the past performance of the parties in honouring their debts to the constituent borrowers. Only parties having an established and satisfactory business relationship should be approved.
    2. The book debts outstanding for a period not exceeding 90 days should only be reckoned as cover. The book debts outstanding for over 90 days should be excluded from the cover and the constituents asked to make good the shortfall in the cover immediately.
    3. The limit against book debts should not exceed 30 per cent of the aggregate working capital limit and 15 per cent of the annual turnover of the borrower.

      1. Refinance facilities will be available only in respect of financially sound and well-managed Primary (Urban) Co-operative Banks, i.e. banks other than those in Grades II, III and IV.
      2. The banks should have achieved specified targets towards lending to priority sectors including weaker sections. While sanctioning the refinance facilities, due weightage will be given to the performance in this regard.
      3. Banks will not be considered eligible for sanction of refinance if their working is unsatisfactory as revealed by -

    1. high overdues (exceeding 20% of outstanding loans and advances),
    2. contravention of directives issued by Reserve Bank,
    3. failure to submit statutory and other returns,
    4. failure to submit satisfactory compliance in respect of inspection reports
    5. irregularities in the operations on the short-term credit limits sanctioned for the previous year and defaults in maintenance of non-overdue cover.

    1. The maximum credit limit fixed for a Primary (Urban) Co-operative Bank may not exceed four times the owned funds of the bank concerned. The owned funds of the bank for the purpose of sanction of credit limit would include paid-up share capital, statutory reserve, dividend equalisation fund and building fund (if building was constructed and adequate provision made for its depreciation).
    2. For working out the quantum of finance required, the banks may take into account the average for the previous year and accordingly seek reimbursement from the Reserve Bank of India.
    3. While fixing the credit limits for the banks, the Reserve Bank will take into account the surplus funds available on a continuing basis with the institutions concerned. Urban banks which keep large surplus funds on a continuing basis will not be eligible for refinance. For this purpose, the funds in excess of the optimum level of 35% of demand and time liabilities of the bank in India will be construed as surplus funds available with the bank.
    4. The resources maintained by a bank in excess of 35% of its demand and time liabilities in India will be reckoned for the purpose of arriving at the eligible refinance.
    5. In the case of newly organised banks, however, for a period up to 5 years from the date of their commencement of business, a liberal view will be taken and refinance assistance may be allowed in respect of all the eligible small-scale/cottage industrial units financed by them without above stipulation.

  • The refinance by Reserve Bank of India will be made available at the Bank Rate, as announced from time to time.
  • Refinance shall be routed through State
    Co-operative Banks directly to Primary Co-operative Banks or through District Central Co-operative Banks. However, the margin available between the rate at which the refinance is made available and the rate at which the ultimate beneficiary (i.e. eligible cottage/tiny industrial units) is charged should be appropriately shared.
  • >

  • The Primary (Urban) Co-operative Banks are free to determine the interest rate to be charged to the ultimate borrower even if they avail of refinance from Reserve Bank of India. The banks should, however, ensure that the rate of interest to be charged to the ultimate borrower is reasonable and transparent.
  • Guarantee
    1. The state government would have to guarantee fully the repayment of the principal and the payment of interest on the loans and advances granted to the State Co-operative Banks and execute a deed of guarantee in favour of the Reserve Bank in the prescribed form enclosed to our circulars No. ACD. OPR. 3101 and 3472/ M.1/ 69-70 dated 17 November 1969 and 16 December 1969, respectively.
    2. Where the State Government agrees to execute a continuing guarantee deed for three years, the same may be executed in the prescribed form.

  • Application for Refinance
    1. The following Application Forms have been prescribed:
    2. Part I

      Application for Credit Limit from RBI

      (To be submitted by State Co-operative Bank through the Registrar of Co-operative Societies, State)

      Part II

      Application for Credit Limit from RBI

      (To be submitted by District Co-operative Bank through the State Co-operative Bank and the Registrar of Co-operative Societies, State)

      Note: Part II to be filled in only if funds are to be channelled through the Central Co-operative Bank

      Part III

      Application for Credit Limit from RBI

      (To be submitted by Primary (Urban) Co-operative Bank through District Co-operative Bank, the State Co-operative Bank and the Registrar of Co-operative Societies, State)

      Statement No. 1

      Showing certain basic data regarding the Financial position and advances to small/tiny units

      Statement No. 2

      Statement of resources for the period April ____ to March ____

      Statement No. 3

      Statement of non-overdue cover maintained against Refinance sanctioned by Apex Bank/Reserve Bank during the Previous year (April-March or any other latest month for which data is available at the time of application)

      Statement No. 4

      Details relating to advances - actual/ estimated of small/tiny units belonging to the approved cottage and small scale industry as on 31st December _____

      Statement No. 5

      Details relating to advances to the small and tiny units belonging to directors and their relatives or to concerns in which their directors or their relatives are interested directly or indirectly - actual/estimated of small/tiny units belonging to the approved cottage and small scale industry as on 31st December _____

      The formats of the above application forms and statements have been enclosed to our circular UBD.No. P&O. 161/HG.4/91-92 dated 16 September 1991.

    3. The Primary (Urban) Co-operative Banks should submit their applications in the prescribed form (Part III) along with Statements 1 to 5 to the State Co-operative Bank directly or through the concerned District Central Co-operative Bank, as the case may be, before 15th January each year.
    4. The banks should furnish a proforma balance sheet and trial balance as at the end of December or any later date.
    5. Information in respect of Service type of industries may be furnished in column 6 of the Statement No. 3, apart from the usual types of industries. Where an industry is undertaking production and marketing activities as also the service type of activities, the information need not be furnished in all the columns of Statement No. 3, but the same may be furnished only in the relevant columns applicable to them.
    6. The finance provided by the Primary (Urban) Co-operative Banks to the small and tiny units belonging to directors and their relatives or to concerns in which their directors or their relatives are interested directly or indirectly should be indicated separately in the Statement No. 5 and enclosed to the application. Format of the statement is enclosed as Annexure. However, such finance would be subject to the directives/instructions for granting loans and advances to directors and their relatives, etc.

  • Documentation
    1. The following documents will need to be executed before availing of the credit limit sanctioned to the State Co-operative Bank:

    Form of Agreement to be signed by the State Co-operative Bank

    Form of Demand Promissory Note to be executed by the State Co-operative Bank in favour of the Reserve Bank

    Form of Time Promissory Note to be executed by the Primary (Urban) Co-operative Bank in favour of the State Co-operative Bank /Central Co-operative Bank

    Form of Certificate to be obtained from State Co-operative Bank as to the Character of Bills/Promissory Notes offered by it as Security and of the Accommodation provided by it

    Form of Certificate to be obtained from the Borrower by the State Co-operative Bank directly or through the Central Co-operative Bank, as the case may be.

    The formats of the above documents/ certificates have been enclosed to our circular ACD.OPR. 3472/ M.1/ 69-70 dated 16 December 1969.

  • Availing of Refinance
      1. Loans and advances granted to the State Co-operative Banks would be by way of refinance, that is to say, the working capital accommodation provided to approved eligible units by the Primary (Urban) Co-operative Banks and outstanding against them would be eligible for reimbursement from the Reserve Bank from the credit limit sanctioned to the State Co-operative Bank on their behalf. The outstanding referred to here would be the non-overdue outstanding and would exclude amounts outstanding under un-renewed cash credits.
      2. The limit sanctioned for a financial year will be operative up to 31 March of the ensuing financial year.
      3. The refinance limit sanctioned may be operated by the Primary (Urban) Co-operative Banks by drawing and repaying as often as necessary during the financial year.
      4. The Primary (Urban) Co-operative banks may finance the industrial units which are eligible for accommodation under the refinance scheme without regard to the point of time at which they approach the banks and the banks themselves avail of the facility through the Apex Bank.

  • Reporting Requirements
  • The Primary (Urban) Co-operative Banks are required to submit to the State Co-operative Banks or the Central Co-operative Bank depending on whether the refinance is drawn directly from the former or through the latter, the Monthly Non-Overdue Cover Statements A and B annexed to our circular No. DBOD. UBD. P&O. 523/HG 4/ 82-83 dated 12 January 1983. The Statements for each month should be submitted so as to reach the State/Central Co-operative Bank on or before 15th of the following month. In these statements, the banks should report figures of loans and advances outstanding and overdue only in respect of the eligible units.

     

     

     

  • Records to be Maintained
      1. It would be necessary for the Primary (Urban) Co-operative Banks to maintain a separate record of transactions pertaining to the eligible units covered under the refinance facility for the latest completed accounting year of the unit proposed for financing. For this purpose, the banks should maintain necessary registers.
      2. The banks are also required to introduce a separate heading in the general ledger for the loans and advances provided to the eligible units covered by the refinance facility.
      3. The banks which fail to maintain separate records and/or are found to be availing refinance facility in respect of units not to be covered under the refinance scheme will be liable to be denied sanction of credit limits in future.
      4. The records pertaining to the Monthly Non-Overdue Statements should be available with the banks for verification by the officers of Reserve Bank/Apex Bank at any point of time.

    1. Other Instructions
      1. Primary (Urban) Co-operative Banks should ensure that -

      1. the norms/standards adopted by the bank for assessing the viability/ potential viability are advised to the Reserve Bank as part of the loan application,
      2. in assessing the credit eligibility of an industrial unit, apart from its financial soundness, level of its annual production, turnover in sales during the previous year etc. and the ability of the industrial unit to provide the required margin of cover for the borrowings from the bank, as represented by the resources with the industrial unit are also taken into account.

      1. Where it is difficult to obtain the financial and operational particulars from the eligible borrowing units as on 31 December due to different accounting years followed by such units, the Reserve Bank will accept the financial and operational particulars of the units, required to be furnished in the loan application by the Primary (Urban) Co-operative Banks for the accounting year as adopted by the borrowing units.
      2. In the case of eligible units which have also borrowed from commercial banks and other credit agencies besides the Primary (Urban) Co-operative Banks, the latter should satisfy that the units maintain adequate cover including margin for the aggregate working capital borrowed from different credit agencies. It must also be ensured that the aggregate of the borrowings are not in excess of the requirements of the unit.

     

    1. Instructions for Central District Co-operative Banks
      1. The Central District Co-operative Banks should submit the applications in the prescribed Form II duly completed by them along with the prescribed Application in Part III and other enclosures received from the Primary (Urban) Co-operative Banks. The applications should be routed through the concerned State Co-operative Bank to reach them by 20th January each year.
      2. While submitting the refinance limit applications, the Central District Co-operative Banks should, inter alia, -

      1. ensure that the applications are complete in all respects, and
      2. certify that the industrial units proposed to be financed by the Primary (Urban) Co-operative Banks are eligible for concessional finance under the Reserve Bank's Refinance Scheme.

    1. Instructions for State Co-operative Banks
      1. The State Co-operative Banks should submit the applications in the prescribed Form I given duly completed by them along with the prescribed Application Form III and other enclosures received from the Primary (Urban) Co-operative Banks. One copy of the applications should be sent direct to the Regional Office of Reserve Bank of India to reach them before 31st January, each year, and the other copy should be forwarded to the Registrar of Co-operative Societies of the State concerned also to reach them by end January, each year.
      2. Where the applications from Primary (Urban) Co-operative Banks are received through the District Central Co-operative Banks, along with Form II received from the latter, the same should also be forwarded to RBI as well as the Registrar of Co-operative Societies of the State concerned as stated above.
      3. While submitting the refinance limit applications, the State Co-operative Banks should, inter alia, -

      1. ensure that the applications are complete in all respects,
      2. certify that the industrial units proposed to be financed by the Primary (Urban) Co-operative Banks are eligible for concessional finance under the Reserve Bank's Refinance Scheme, and
      3. furnish only the consolidated position and the lending programme of each Primary (Urban) Co-operative Bank, although the Primary (Urban) Co-operative Banks are required to submit details regarding each unit covered/proposed to be covered by the refinance facility in Statement No. 4 to the State Co-operative Banks concerned.

      1. It will be the responsibility of the State Co-operative Banks to evolve a suitable system for maintenance and verification of the data for SSI units by the Primary (Urban) Co-operative Banks. The information system evolved for this purpose would be subject to scrutiny by the Reserve Bank, both at the level of the State Co-operative Bank, and the Primary (Urban) Co-operative Banks.
      2. The RBI sanction letter on short term credit limits to the State Co-operative Banks on behalf of Primary (Urban) Co-operative Banks for financing industrial units under the Scheme will be stipulating the following condition :
      3. "The State Co-operative Bank should, at the time of every drawal on the credit limits sanctioned to it, furnish to the Reserve Bank of India a certificate, to the effect that, the drawals and the outstanding under previous drawals made on behalf of Primary (Urban) Co-operative Banks will not take the total outstanding against the Primary (Urban) Co-operative Banks beyond the level of the concerned Banks' outstanding against industrial units. The outstanding under cash credit sanctioned by the Primary (Urban) Co-operative Banks will be non-overdue outstanding and will exclude the outstanding under un-renewed cash credits."

      4. In order to ensure that the condition stipulated in the sanction letter is strictly adhered to, the State Co-operative Banks, should arrange to submit every month, a certificate to the effect that, its borrowings from the Reserve Bank of India in respect of every Primary (Urban) Co-operative Bank (when the latter borrows directly or through the Central Co-operative Bank) for financing industrial units are fully covered by the latter's non-overdue loans outstanding with the industrial units affiliated to it for the same purpose. The monthly certificates should reach the Reserve Bank of India by 20th of each month succeeding that to which they relate.
      5. A copy of each of such certificates should also be furnished to the concerned regional office for their information.
      6. In addition to the above certificates, the Reserve Bank of India also requires information in regard to the operations on the limits sanctioned in respect of each primary co-operative bank’s advances to industrial units covered by the 22 broad groups of cottage and small-scale industries. The State Co-operative Banks should, therefore, submit to RBI, the Monthly Non-overdue Cover Statements in Forms 'A' and 'B' as per the formats annexed to our circular DBOD.UBD. P&O. 523/HG 4/82-83 dated 12 January 1983 to reach by 20th of each month succeeding to that to which it relates.
      7. In order that the State Co-operative Banks are in a position to furnish the Certificate and the Non-overdue Statements to RBI in time, they should arrange to receive the Statements A and B at least by the middle of each month from each Primary (Urban) Co-operative Bank directly or through the Central Co-operative Bank through whom the finance is routed.

     

     

    1. Instructions for the Registrar of Co-operative Societies
      1. The applications in the prescribed form given in Part I and II received from the State Co-operative Bank and the District Central Co-operative Bank, where applicable, along with the prescribed Application in Part III and other enclosures submitted by the Primary (Urban) Co-operative Banks, should be recommended by the Registrar of Co-operative Societies of the State concerned and forwarded to reach the Chief General Manager, Reserve Bank of India, Urban Banks Department, Central office, Garment House, Dr. Annie Besant Road, Worli, Mumbai 400 018 by 15th February each year.
      2. It should also be ensured that a full set of application is forwarded to the concerned Regional Office of the Reserve Bank of India, to enable them to give their recommendations thereon so as to avoid delay in sanction of the credit limit.
      3. Further, to ensure expeditious sanction of credit limits and facilitating drawal thereon, the State Government/Central Government may be persuaded to issue, a guarantee in the prescribed format on a continuing basis for a period of three years at a time for the advances proposed to be availed of by the State Co-operative Banks from Reserve Bank of India under section 17(2)(bb) read with section 17(4)(e) of Reserve Bank of India Act, 1934.
      4. In addition, it is desirable that the maximum borrowing power of Primary (Urban) Co-operative Banks are fixed on a higher level so that they would be able to meet the increased demand for financing the needs of economy. For the purpose, appropriate steps may be taken to suitably amend the Co-operative Societies Act or the Rules within the State so as to provide for the maximum borrowing power at 25 times the paid up share capital and reserves of a Primary (Urban) Co-operative Bank.

     

    Annexure 1

    Master Circular

    Scheme for Refinance Facilities to Primary (Urban)
    Co-operative Banks under Section 17 of the RBI Act, 1934 -
    Small/Tiny Cottage Industrial Units

    List of Eligible Cottage and Small Scale Industries

    [Vide paragraph 2.1]

     

    Flaying and tanning

       

    Handicraft Industries

     

    Leather goods

       

    General Engineering

     

    Pottery

       

    Chemical Engineering and Chemical Industries

     

    Hand pounding of paddy and cereals

       

    Construction Material

     

    Rice Mills, including flour mills and bakeries

       

    Sericulture

     

    Oil crushing

       

    Coir

     

    Palm gur

       

    Spinners Societies

     

    Cane gur and khandsari

       

    Cotton Textiles and other textiles

     

    Canning of fruits and vegetables

       

    Printing, book binding and lithography

     

    Manufacturing and processing of agricultural and Marine products and forest produce including beverage industries

       

    Saw mills, wood work and furniture and fixtures, and

     

    Other village industries such as carpentry and black-smithy, bee-keeping and honey and honey products

       

    Miscellaneous industries such as manufacture of sports goods, bidis, buttons, card-boards and other paper products, cutting and polishing of real and artificial gems and stones, manufacture and use of equipment/ systems for development of new and renewable sources of energy

     

    Annexure 2

    Master Circular

    Scheme for Refinance Facilities to Primary (Urban)
    Co-operative Banks under Section 17 of the RBI Act, 1934 -
    Small/Tiny Cottage Industrial Units

    Illustrative List of Equipments/Systems based on
    New and Renewable Sources of Energy

    [Vide paragraph 2.2 & 3.7]

     

    Flat plate solar collectors

       

    Solar power generating systems

     

    Concentrating and pipe type solar collectors

       

    Solar photo voltatic modules and panels, for water pumping and other applications

     

    Solar cookers

       

    Wind mills and any specially designed devices which run on wind mills

     

    Solar water heaters and systems

       

    Any special devices including electric generators and pumps running on wind energy

     

    Air/Gas/Fluid Heating Systems

       

    Bio gas plants and bio gas engines

     

    Solar refrigeration, cold storages and air-conditioning systems

       

    Electrically operated vehicles including battery operated or fuel-cell powered vehicles

     

    Solar crop driers and systems

       

    Agricultural and municipal waste conversion devices producing energy

     

    Solar stills and desalination systems

       

    Equipment for utilising ocean waves and thermal energy

     

    Solar pumps based on solar thermal and solar photo voltatic conversion

       

    Machinery and plant used in the manufacture of any of the above sub-items

     

    Annexure 3

    Master Circular

    Scheme for Refinance Facilities to Primary (Urban)
    Co-operative Banks under Section 17 of the RBI Act, 1934 -
    Small/Tiny Cottage Industrial Units

    Statement No. 5

    Details relating to the advances granted to directors and their relatives
    or to concerns in which their directors and their relatives are interested out of the refinance limit sanctioned during the last year

    [Vide paragraph 5.5.2, 5.5.3 & 5.5.6]

    (Rs. in lakhs)

    Sr. No.

    Name of Director @

    Limit sanctioned

    Date of advance

    Amount outstanding as on the date of application

    1

    2

    3

    4

    5

             

    Total

           

    @ Advances granted to the relatives of each of the director indicating relationship should be indicated

    Appendix

    Master Circular

    Scheme for Refinance Facilities to Primary (Urban)
    Co-operative Banks under Section 17 of the RBI Act, 1934 -
    Small/Tiny Cottage Industrial Units

    A. List of Circulars consolidated in the Master Circular

    No.

    Circular No.

    Date

    Subject

    1.

    UBD.BPD.RCS.Cir.No.3/10.01.00/2002-03

    28-06-2003

    Refinance facilities to Primary (Urban) Co-op. Banks under section 17 of RBI Act, 1934 – Tiny/Cottage industrial units

    2.

    UBD.No.Plan.Cir.RCS.3/10.01.00/ 2000-2001

    26-02-2001

    Refinance facilities to Primary (Urban) Co-operative Banks under Section 17 of the RBI Act, 1934 - Tiny/Cottage Industrial Units

    3.

    UBD.No.Plan.Cir.RCS.2/10.01.00/ 1999-2000

    16-03-2000

    Refinance facilities to Primary (Urban) Co-operative Banks under Section 17 of the RBI Act, 1934 - Tiny/Cottage Industrial Units

    4.

    UBD.No.Plan.Cir.RCS.3/10.01.00/98-99

    10-06-1999

    Refinance facilities to Primary (Urban) co-operative Banks under Section 17 of the RBI

    5.

    UBD.No.P&O.CIR.RCS.7/10.01.00/97-98

    19-05-1998

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the RBI Act, 1934 - Tiny/Cottage Industrial Units

    6.

    UBD.No.P&O.CIR.PCS.7/10.01.00/96-97

    26-04-1997

    Refinance facilities to Primary (urban) co-operative Banks under Section 17 of the RBI Act, 1934 - Tiny/Cottage Industrial Units

    7.

    UBD.No.P&O.CIR.RCS/16/10.01.00/ 95-96

    16-04-1996

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the RBI Act, 1934 - Tiny/Cottage Industrial Units

    8.

    UBD.No.P&O.CIR.RCS/11/10.01.00/ 95-96

    10-10-1995

    Refinance facilities to primary (urban) co-operative banks under section 17 of the Reserve Bank of India Act, 1934 - Tiny/cottage industrial units

    9.

    UBD.No.(P&O)/CIR.RCS/7/10.01.00/94-95

    07-01-1995

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the RBI Act, 1934 -Tiny/Cottage Industrial Units

    10.

    UBD.No.35/10.01.00/93-94

    25-10-1993

    Refinance facilities to primary (urban) co-operative banks under section 17 of the Reserve Bank of India Act, 1934 - Small/Tiny Industrial units

    11.

    UBD.No.P&O.18 /HG.4-92/93

    08-06-1993

    Refinance facilities to primary (urban) co-operative banks under section 17 of the RBI Act, 1934. Small/Tiny Industrial units

    12.

    UBD.No.P&O.71/HG.4-92/93

    22-07-1992

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the Reserve Bank of India Act, 1934 - Small/tiny Industrial units

    13.

    UBD.P&O.224/HG.4-91/92

    22-10-1991

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the Reserve Bank of India Act, 1934 - Small/tiny cottage Industries etc.

    14.

    UBD.No.P&O.161/HG.4-91-92

    16-09-1991

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the RBI Act, 1934 - Small/tiny cottage Industries etc.

    15.

    UBD.No.P&O.21/HG.4.89/90

    13-03-1990

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the Reserve Bank of India Act, 1934 - Small Scale Industries Sector

    16.

    UBD.No.P&O.790/HG.4-88/89

    23-03-1989

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the Reserve Bank of India Act, 1934 - Small Scale Industries Sector

    17.

    UBD.P&O.94/HG.4-87/88

    20-01-1988

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the Reserve Bank of India Act, 1934 - Small Scale Industries Sector

    18.

    UBD.No.P&O.79/HG.4-87/88

    15-12-1987

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the Reserve Bank of India Act, 1934 - Small Scale Industries Sector

    19.

    UBD.No.P&O.109/HG.4.86/87

    27-06-1987

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the Reserve Bank of India Act, 1934 - Surplus Funds

    20.

    UBD.P&O.55/HG-4-86/87

    17-02-1987

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the Reserve Bank of India Act, 1934 - Small Scale Industries Sector

    21.

    UBD.P&O.96/HG.4-85/86

    16-04-1986

    Refinance under Section 17(2)(bb) read with Section 17(4)(c)of the Reserve Bank of India Act, 1934

    22.

    UBD.No.P&O.81/HG.4-85/86

    11-03-1986

    Refinance facilities to primary (urban) co-operative banks under Section 17 of the Reserve Bank of India Act, 1934 - Small Scale Industries Sector

    23.

    UBD.P&O.904/HG.4-84/85

    17-01-1985

    Refinance facilities to urban co-operative banks under section 17 of the Reserve Bank of India Act, 1934-small-scale industries sector

    24.

    UBD.P&O.658/HG.4-83/84

    22-02-1984

    Refinance facilities to urban co-operative banks under section 17 of Reserve Bank of India Act, 1934-small scale industries sector

    25.

    DBOD.UBD.P&O.552/HG.4-82-83

    19-01-1983

    Refinance Under Section 17(2)(bb) Read With Section 17(4)(c) of the Reserve Bank of India Act, 1934 Financing of Small-Scale Industries by Primary (Urban) Co-operative Banks

    26.

    DBOD.UBD.P&O.523/HG.4-82-83

    12-01-1983

    Short-term Credit Limit under Section 17(2)(bb) read with Section 17(4)(c) of the RBI Act, 1934 for Financing Industrial Units - Maintenance of Non-Overdue cover in respect of Borrowings

    27.

    DBOD No.UBD.P&O.420/HG.4-82/86

    17-12-1982

    Financial assistance for development and utilisation of renewable sources of energy under section 17(2)(bb) read with section 17(4)(c) of the Reserve Bank of India Act, 1934

    28.

    DBOD.UBD.P&O.403/HG.4-82/83

    13-12-1982

    Financial Accommodation Under Section 17(2)(bb) Read With Section 17(4)(c) of the Reserve Bank of India Act, 1934 -Approved Industrial Units Outside the Co-operative Sector - 1983-84

    29.

    ACD.Plan.(IFS)715/HG.4-81/82

    08-02-1982

    Financial accommodation under section 17(2)(bb) read with section 17(4)(c) of the Reserve Bank of India Act, 1934 - Approved industrial units outside the co-operative sector - 1982-83

    30.

    ACD.Plan.(IFS)312/HG.4-81/82

    07-10-1981

    Financial, accommodation under Section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act, 1934 to primary (urban) co-operative banks

    31.

    ACD.Plan.(IFS)229/HG.4-81/82

    10-09-1981

    Short-term Credit Limit under Section 17(2)(bb) read with Section 17(4)(c) of the RBI Act, 1934 for Financing Industrial Units - Maintenance of Non-Overdue cover in respect of Borrowings

    32.

    ACD.Plan.(IFS)1113/HG.4-80/81

    16-06-1981

    Financial accommodation under section 17(2)(bb) read with section 17(4)(c) of the Reserve Bank of India Act, 1934 - Approved industrial units outside the co-operative sector - 1981-82

    33.

    ACD.Plan.(IFS)193/HG.4-80/81

    02-09-1980

    Financial, accommodation under Section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act, 1934 for financing the approved industrial units - Rate of interest

    34.

    ACD.Plan.(IFS)6/FIG.4-80/81

    02-07-1980

    Financial accommodation under section 17(2)(bb) read with section 17(4)(c) of the Reserve Bank of India Act, 1934 - Approved industrial units outside the co-operative sector - 1980-81

    35.

    ACD.Plan.(IFS)199/HG.4-78/9

    14-07-1978

    Financial, accommodation under Section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act, 1934 to primary (urban) co-operative banks

    36.

    ACD.Plan.(IFS)113/HG.4-78/9

    11-07-1978

    Financial, accommodation under Section 17(2)(bb) read with Section 17(4)(c) of the Reserve Bank of India Act, 1934 - Penal rate of interest

    37.

    ACD.Plan.(IFS)3815/HG.4-77/8

    23-03-1978

    Financial, accommodation under Section 17(2)(bb) read with Section 17(4)(c) of the Reserve Bank of India Act, 1934 - Rate of interest

    38.

    ACD.Plan.(IFS)722/HG.4/77-8

    17-08-1977

    Financial accommodation under section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act, 1934 for financing cottage and small scale industries - Rate of interest

    39.

    ACD.Plan.(IFS)167/HG.4-77/78

    12-07-1977

    Financial accommodation under section 17(2)(bb) read with section 17(4)(c) of the Reserve Bank of India Act, 1934 - Approved industrial units outside the co-operative sector - 1977-8

    40.

    ACD.Plan.(IFS)1504/HG.4-76/7

    12-10-1976

    Financial, accommodation under Section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act, 1934 to primary (urban) co-operative banks

    41.

    ACD.Plan.(IFS)5517/HG.4-75-6

    24-06-1976

    Financial, accommodation under Section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act, 1934 to primary (urban) co-operative banks

    42.

    ACD.Plan(IFS)3125/PR.413/72-3

    18-04-1973

    Financial accommodation under section 17(2)(bb) read with section 17(4)(c) of the Reserve Bank of India Act, 1934 - Approved industrial units outside the co-operative sector - 1973-4

    43.

    ACD.Plan.3417/PR.413/71-2

    11-04-1972

    Financial accommodation under Section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act - approved industrial units outside co-operative sector

    44.

    ACD.Plan.849/PR.36/72-73

    28-09-1972

    Financial accommodation under section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act 1934 to primary (urban) co-operative banks-submission of financial particular of the small-scale industrial units

    45.

    ACD.Plan.BR.3919/PR.413-70/71

    22-06-1971

    Financial Accommodation Under Section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act Approved Industrial Units Outside the Co-operative Sector

    46.

    ACD.Plan.946/PR.413/70-71

    17-09-1970

    Financial accommodation under Section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act, 1934 - Industrial units

    47.

    ACD.Plan.2383/PR.414(9)/69-70

    27-01-1970

    Financial assistance under Section 17(2)(bb) of the Reserve Bank of India Act to institutions registered under the Societies Registration Act, 1860

    48.

    ACD.OPR.3472/M.1/69-70

    16-12-1969

    Financial accommodation under section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act to primary co-operative banks

    49.

    ACD.OPR.3101/A.2/69-70

    17-11-1969

    Financial accommodation under section 17(2)(bb) read with Section 17(4)(c) of the RBI Act, 1934 - Form of Deed of Guarantee

    50.

    ACD.OPR.7377/M.1/68-9

    28-06-1969

    Financial accommodation under section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act, 1934

    51.

    ACD.Plan.699/PR.413/68-9

    10-10-1968

    Financial accommodation under section 17(2)(bb) or (4)(c) of the Reserve Bank of India Act, for financing cottage and small scale industries - Policy

     

    B. List of Other Circulars from which instructions relating to Scheme for Refinance Facilities to Primary (Urban) Co-operative Banks under Section 17 of the RBI Act, 1934 - Small/Tiny Cottage Industrial Units have also been consolidated in the Master Circular

    No.

    Circular No.

    Date

    Subject

     

    UBD.No.BR.PCB.CIR.33A/16.11.00/ 2000-2001

    01-03-2001

    Change in Bank Rate

     

    UBD.No.BR.PCB.ClR.32A/16.11.00/ 2000-2001

    16-02-2001

    Change in Bank Rate

     

    UBD.No.BR.PCB.CIR.2/16.11.00/ 2000-2001

    21-07-2000

    Change in Bank Rate

     

    UBD.No.BR.PCB.CIR.28/16.11.00/ 1999-2000

    01-04-2000

    Change in Bank Rate

     

    ACD.Plan.358/UB.1-78/9

    20-04-1979

    Report on the committee on urban co-operative banks

     

    ACD.Plan.348/UB.1-78/9

    20-04-1979

    Report of the committee on urban co-operative banks

     


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