Ref. No. NB.DFIBT/ 7981-8459 / DFIBT - 23 / 2018-19 16 July 2018
Circular No. 184 / DFIBT - 29 / 2018
The Chairman and Managing Director / Chairman / Chief Executive Officer
Scheduled Commercial Banks (including Scheduled Small Finance Banks)
Regional Rural Banks
State Co-operative Banks and
District Central Co-operative Banks
Master Circular on various schemes on Financial Inclusion and Banking Technology
NABARD has, from time to time, issued a number of guidelines/instructions to banks on various schemes that are supported out of Financial Inclusion Fund (FIF). In order to enable the banks to have instructions at one place, a Master Circular incorporating the existing guidelines/instructions on various schemes (as indicated in Appendix) have been updated till the date of this circular and are enclosed for ready reference.
2. As per the revised policy regarding Memorandum of Agreement (MoA), henceforth only one-time agreement, viz., General Agreement for Grant Assistance, may be executed by banks, which will be valid for all the projects sanctioned to the respective bank. The bank need not sign General Agreement (GA) each time a new project is sanctioned to the bank.
3. All claims for grant assistance from FIF should be submitted in accordance with the Circular No. 87/DFIBT-11/2018 dated 25 April 2018 issued on the subject “Applicability of GST and Treatement of Input Tax Credit (ITC) while settling the claims”.
(L R Ramachandran)
Chief General Manager
Encl.: As above