RBI/2016-17/27
FIDD.CO.Plan.BC.No.8/04.09.001/2016-17
July
28, 2016
The Chairman/ Managing Director/
Chief Executive Officer
[All Scheduled Commercial Banks
(excluding RRBs)]
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)
Principal Chief General Manager
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