Priority Sector Lending -Targets and Classification- Bank loans to MFIs for on-lending - Qualifying asset - Revised loan limit - आरबीआय - Reserve Bank of India
Priority Sector Lending -Targets and Classification- Bank loans to MFIs for on-lending - Qualifying asset - Revised loan limit
RBI/2016-17/27 July 28, 2016 The Chairman/ Managing Director/ Dear Sir/ Madam, Priority Sector Lending –Targets and Classification- Bank loans to MFIs for on-lending - Qualifying asset - Revised loan limit Please refer to paragraph 19 (b) (iv) of the Master Direction on Priority Sector Lending – Targets and Classification FIDD.CO.Plan.No.1/04.09.001/2016-17 dated July 7, 2016. 2. The limit of the loans extended by Non-Banking Financial Company- Micro Finance Institutions (NBFC-MFIs) for which the tenure of the loan shall not be less than 24 months, has been raised to ₹ 30,000/- from the earlier limit of ₹ 15,000/-. 3. Accordingly, paragraph 19 (b) (iv) of the above Master Direction stands modified as follows: “Tenure of loan is not less than 24 months when loan amount exceeds ₹ 30,000/- with right to borrower of prepayment without penalty.” Yours faithfully, (A.Udgata) |