{"id":946,"date":"2021-04-08T10:50:43","date_gmt":"2021-04-08T10:50:43","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=946"},"modified":"2021-04-08T10:50:46","modified_gmt":"2021-04-08T10:50:46","slug":"priority-sector-lending-psl-increase-in-limits-for-bank-lending-against-negotiable-warehouse-receipts-nwrs-electronic-negotiable-warehouse-receipts-enwrs","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/priority-sector-lending-psl-increase-in-limits-for-bank-lending-against-negotiable-warehouse-receipts-nwrs-electronic-negotiable-warehouse-receipts-enwrs\/","title":{"rendered":"Priority Sector Lending (PSL) \u2013 Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) \/ electronic Negotiable Warehouse Receipts (eNWRs)"},"content":{"rendered":"\n

April 7, 2021<\/p>\n\n\n\n

The Chairman \/ Managing Director\/
Chief Executive Officer
[All Commercial Banks including Regional Rural Banks,
Small Finance Banks, Local Area Banks and
Primary (Urban) Co-operative Banks other than Salary Earners\u2019 Banks]<\/p>\n\n\n\n

Dear Sir\/Madam<\/p>\n\n\n\n

Priority Sector Lending (PSL) \u2013 Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) \/ electronic Negotiable Warehouse Receipts (eNWRs)<\/strong><\/p>\n\n\n\n

  1. 1.<\/strong> Please refer to the Statement on Developmental and Regulatory Policies dated April 7, 2021<\/strong>, wherein Reserve Bank of India (RBI) had announced increase in loan limits for bank lending against NWRs\/eNWRs<\/li><\/ol>\n\n\n\n

    2.<\/strong> In terms of paras 8.1 (vii) and 8.2 (b) of the \u201cMaster Direction on Priority Sector Lending \u2013 Targets and Classification\u201d dated September 4, 2020<\/strong>, bank loans against pledge\/ hypothecation of agricultural produce (including warehouse receipts) for a period not exceeding 12 months are eligible for classification under PSL, subject to a limit up to \u20b950 lakh per borrower.<\/p>\n\n\n\n

    3.<\/strong> With a view to ensure greater flow of credit to the farmers against pledge\/hypothecation of agricultural produce, and to encourage use of NWR\/eNWR issued by regulated warehouses as a preferred instrument for availing such finance by the farmers, it has been decided to enhance the PSL limit for loans against NWRs\/eNWRs from \u20b950 lakh to \u20b975 lakh per borrower. The PSL limit backed by the warehouse receipts other than NWR\/eNWR will continue to be \u20b950 lakh per borrower. <\/p>\n\n\n\n

    1. Consequent to the above change, para 8.1(vii) and 8.2(b) of the Master Direction on Priority Sector Lending \u2013 Targets and Classification dated September 4, 2020<\/strong> will stand modified as follows:<\/li><\/ol>\n\n\n\n

      Para 8.1 – Farm Credit – Individual farmers<\/strong>
      vii.<\/strong> Loans against pledge\/hypothecation of agricultural produce (including warehouse receipts) for a period not exceeding 12 months subject to a limit up to \u20b975 lakh against NWRs\/eNWRs and up to \u20b950 lakh against warehouse receipts other than NWRs\/eNWRs.<\/p>\n\n\n\n

      Para 8.2 Farm Credit – Corporate farmers, Farmer Producer Organisations (FPOs)\/(FPC) Companies of Individual Farmers, Partnership firms and Cooperatives of farmers engaged in Agriculture and Allied Activities<\/strong><\/p>\n\n\n\n

      (b)<\/strong> Loans up to \u20b975 lakh against pledge\/hypothecation of agricultural produce (including warehouse receipts) for a period not exceeding 12 months against NWRs\/eNWRs and up to \u20b950 lakh against warehouse receipts other than NWRs\/eNWRs.<\/p>\n\n\n\n

      Yours faithfully<\/p>\n\n\n\n


      (Sonali Sen Gupta)
      Chief General Manager-in-Charge<\/p>\n\n\n\n

      For full detail click the link below :<\/strong><\/p>\n\n\n\n

      https:\/\/www.dropbox.com\/s\/5fah2accip788og\/PSL-Increase%20in%20Limits.PDF?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

      April 7, 2021 The Chairman \/ Managing Director\/Chief Executive Officer[All Commercial Banks including Regional Rural Banks,Small Finance Banks, Local Area Banks andPrimary (Urban) Co-operative Banks other than Salary Earners\u2019 Banks] Dear Sir\/Madam Priority Sector Lending (PSL) \u2013 Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) \/ electronic Negotiable Warehouse Receipts (eNWRs) 1. […]<\/p>\n","protected":false},"author":1,"featured_media":357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,14],"tags":[75,74],"class_list":["post-946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notifications","category-rbi","tag-75","tag-rbi-notification"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/946","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=946"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/946\/revisions"}],"predecessor-version":[{"id":947,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/946\/revisions\/947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/357"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}