Civil Aviation Promotion Policy of UP 2017 Industrial Investment and Employment Promotion Policy of Uttar Pradesh 2017 'Samadhan Divas' started by State Level Udyog Bandhu every First & Third Thursday Help Line implemented for resolution of issues of entrepreneurs, businessmen and investors of ...... Formats for Mega Projects Draft Property Management (Industrial Land) Rules & Regulations, 2014 To encourage mega projects in the state INDUSTRIAL ASSETS AVAILABLE FOR SALE Entry Strategies for Foreign Investors NRI Cell at Udyog Bandhu Vacant Land with Govt. Deptt. Restructuring of State, Division & District level Committies of Udyog Bandhu Strengthening of Udyog Bandhu Golden Card Scheme

 
 
Reserve Bank of India
 
Date: Jul 01, 2011
 
Master Circular - Lending to Micro, Small & Medium Enterprises (MSME) Sector
 
RBI/2011-12/83
RPCD.SME & NFS. BC. No. 09/06.02.31/2011-12
July 1, 2011
 

 

SECTION - II
 
Certain types of funds deployment eligible as priority sector advances
 
2.1 Investments
2.1.1 Securitised Assets
 
Investments made by banks in securitised assets, representing loans to various categories of priority sector, shall be eligible for classification under respective categories of priority sector (direct or indirect) depending on the underlying assets, provided the securitised assets are originated by banks and financial institutions and fulfill the Reserve Bank of India guidelines on securitisation. This would mean that the bank's investments in the above categories of securitised assets shall be eligible for classification under the respective categories of priority sector only if the securitised advances were eligible  to be classified as priority sector advances before their securitisation.
 
2.1.2 Outright purchases of any loan asset eligible to be categorised under priority sector, shall be eligible for classification under the respective categories of priority sector (direct or indirect), provided the loans purchased are eligible to be categorised under priority sector; the loan assets are purchased (after due diligence and at fair value) from banks and financial institutions, without any recourse to the seller; and the eligible loan assets are not disposed of, other than by way of repayment, within a period of six months from the date of purchase.
 
2.1.3 Investments by banks in Inter Bank Participation Certificates (IBPCs), on a risk sharing basis, shall be eligible for classification under respective categories of priority sector, provided the underlying assets are eligible to be categorised under the respective categories of priority sector and are held for at least 180 days from the date of investment.
 
2.2 Scheme of Small Enterprises Financial Centres (SEFCs) :

As per announcement made by the Governor in the Annual Policy Statement 2005-06, a scheme for strategic alliance between branches of banks and SIDBI located in clusters, named as “Small Enterprises Financial Centres” has beenformulatedin consultation with the Ministry of SSI and Banking Division, Ministry of Finance, Government of India, SIDBI, IBA and select banks and circulated to all scheduled commercial banks on May 20,  2005 for implementation. SIDBI has so far executed MoU with 15 banks so far (Bank of India, UCO Bank, YES Bank, Bank of Baroda, Oriental Bank of Commerce, Punjab National Bank, Dena Bank, Andhra Bank, Indian Bank, Corporation Bank, IDBI Bank, Indian Overseas Bank, Union Bank of India, State Bank of India and Federal Bank). List of MSME  clusters covered by existing SIDBI branches is furnised in Annex II. 

 

Related LInks

SECTION - I : Micro, Small & Medium Enterprises Development (MSMED) Act, 2006

SECTION - IV : Common Guidelines / Instructions for Lending to MSME Sector

Annex I : MINISTRY OF SMALL SCALE INDUSTRIES, NOTIFICATION

Annex II : LIST OF MSME CLUSTERS COVERED BY EXISTING SIDBI BRANCHES

Annex III :List of MSME Clusters in India (identified by UNIDO)

Appendix : List of Circulars consolidated by the Master Circular

Note : To obtain an aligned printout please download the (441 kb) version to your machine and then use respective software to print the story.

Infrastructure & Industrial Development Department

Government of Uttar Pradesh, 4th Floor,

Shri Lal Bahadur Shashtri Bhawan,

Sarojini Naidu Marg,

Lucknow- 226 001. (U.P.)


Phone No:- 91-522-2238283/2239530

Fax No:- 91-522-2238255

Email :-idc.up@nic.in

Visitor Online: 44      Visited Till Date: 6835764     
All rights reserved by: Udyog Bandhu Best viewed in Mozilla-Firefox and Internet Explorer 7 and above Designed & developed by: Hollywood Multimedia Ltd.