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

NABARD issues Provision of Short-Term (ST) refinance by NABARD to Regional Rural Banks (RRBs) for financing Seasonal Agricultural Operations (SAO) and Additional SAO - Operational Guidelines

23-Sep-2026 | Ref.No.NB.DoR-ST/ST-Policy/ 71525- 71552/MON-15/2026-27 Circular No. 218/DoR-60/2026

NABARD has issued a circular on the Provision of Short-Term (ST) refinance by NABARD to Regional Rural Banks (RRBs) for financing Seasonal Agricultural Operations (SAO) and Additional SAO - Operational Guidelines. Key Highlights: 1. Audit of the banks for the financial year preceding the immediately preceding financial year should have been completed, and the relevant audit reports along with financial statements should have been submitted to the concerned Regional Office of NABARD. 2. NABARD will do risk rating of all RRBs based on the internal guidelines. RRBs having an internal risk rating of NBD3 to NBD7 will be eligible for refinance. 3. The purpose of refinance under this facility shall be to enhance disbursement of short-term crop loans to small and marginal farmers. 4. The repayments, if any, can be made after the lock-in period of 90 days. However, the bank has to give a notice period of a minimum of 3 days. The date of repayment will be 3 days after the date of notice. Kindly refer to the attached document for more information.

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