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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

NABARD issues Operational guidelines for Short-Term refinance to State Cooperative Banks for financing various purposes under Short Term (Others) - Fixed & Floating Rate of Interest

25-Sep-2026 | Ref.No.NB.DoR/ST-Policy/ 71559- 71592/MON-15/2026-27 Circular No. 219/DoR-61/2026

NABARD issues a circular on the Operational guidelines for Short-Term refinance to State Cooperative Banks for financing various purposes under Short Term (Others) - Fixed & Floating Rate of Interest. Key Highlights: 1. The Audit of StCB / DCCBs for the financial year preceding the immediately preceding financial year should have been completed, and the relative audit reports along with financial statements should be submitted to the concerned Regional Office of NABARD. 2. All licensed StCBs (Scheduled / Non-Scheduled) and licensed DCCBs fulfilling CRAR conditions as stipulated by extant RBI guidelines as mentioned in the document will be eligible for refinance under ST(Others). 3. The StCBs/DCCBs with Net NPAs not exceeding 12% of net loans and advances outstanding will be eligible for refinance. 4. NABARD will sanction a consolidated limit based on its realistic lending program for various eligible purposes. 5. The consolidated limit to be sanctioned by NABARD to StCB would be segregated into sub-limits by the StCB based on DCCB-wise Realistic Lending Program for respective purposes. Kindly refer to the attached document for more information.

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