{"id":384,"date":"2021-02-06T10:22:00","date_gmt":"2021-02-06T10:22:00","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=384"},"modified":"2021-03-05T09:58:56","modified_gmt":"2021-03-05T09:58:56","slug":"rbi-2020-21-92-notification-credit-to-msme-entrepreneurs","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/rbi-2020-21-92-notification-credit-to-msme-entrepreneurs\/","title":{"rendered":"RBI , 2021 , Notification , Credit to MSME Entrepreneurs."},"content":{"rendered":"\n<p class=\"has-text-align-right\">February 05, 2021<\/p>\n\n\n\n<p>All Scheduled Commercial Banks<\/p>\n\n\n\n<p>Dear Sir \/ Madam<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Credit to MSME Entrepreneurs<\/strong><\/p>\n\n\n\n<ol class=\"is-style-none wp-block-list\"><li>1.  In terms of paragraph 5 of the <strong>Statement on Developmental and Regulatory Policies of February 5, 2021<\/strong>, Scheduled Commercial Banks will be allowed to deduct the amount equivalent to credit disbursed to \u2018New MSME borrowers\u2019 from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR). For the purpose of this exemption, \u2018New MSME borrowers\u2019 shall be defined as those MSME<br>borrowers who have not availed any credit facilities from the banking system as on January 1, 2021. This exemption will be available only up to \u20b925 lakh per borrower disbursed up to the fortnight ending October 1, 2021, for a period of one year from the date of origination of the loan or the tenure of the loan, whichever is earlier<\/li><\/ol>\n\n\n\n<ol start=\"2\" class=\"is-style-none wp-block-list\"><li>2.  Banks are required to report the exemption availed at the end of a fortnight, in Annex A to Form A as per <strong>Master Circular on Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) dated July 1, 2015<\/strong>, under the item \u201cAny other liabilities coming under the purview of zero prescription\u201d at VIII.1. Proper fortnightly records of credit disbursed to new MSME borrowers\/CRR exemption claimed, duly certified by the Chief Financial Officer (CFO) or an equivalent level officer, must be maintained by banks for supervisory review<\/li><\/ol>\n\n\n\n<p>Yours faithfully<\/p>\n\n\n\n<p><br>(Thomas Mathew)<br>Chief General Manager<\/p>\n\n\n\n<p><strong>For full detail<\/strong> <strong>click below : <\/strong><\/p>\n\n\n\n<p><a href=\"http:\/\/bit.ly\/Rbi-Credit-to-MSME-Entrepreneurs\">http:\/\/bit.ly\/Rbi-Credit-to-MSME-Entrepreneurs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>February 05, 2021 All Scheduled Commercial Banks Dear Sir \/ Madam Credit to MSME Entrepreneurs 1. In terms of paragraph 5 of the Statement on Developmental and Regulatory Policies of February 5, 2021, Scheduled Commercial Banks will be allowed to deduct the amount equivalent to credit disbursed to \u2018New MSME borrowers\u2019 from their Net Demand [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,14],"tags":[34],"class_list":["post-384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notifications","category-rbi","tag-rbi"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=384"}],"version-history":[{"count":3,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/384\/revisions"}],"predecessor-version":[{"id":553,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/384\/revisions\/553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/656"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}