Clarification regarding Group Projects under ACABC Scheme

Ref No. NBD/DOR-GSS/ 2529 /ACABC-4/2022-23

Date: 28 March 2023

Cir. No : 59 / DOR-9 / 2023

Chairman / Chief Executive Officer / Managing Director
All scheduled commercial banks
State Co-operative Bank / State Co-operative Agriculture and Rural Development
Bank / Regional Rural Bank / Scheduled Primary Urban Cooperative Bank
Other institutions eligible for refinance from NABARD

Madam /Dear Sir

Clarification regarding Group Projects under ACABC Scheme

Please refer to the letter F No.1(15)/2018-EM (Pt.1) dated 21st February 2023 of Directorate of Extension, Department of Agriculture and Farmers’ Welfare, Government of India (copy enclosed).

2. We inform that the Directorate of Extension, Government of India has clarified that the determination of subsidy in different categories of group project (joint venture) will be determined on the basis of individual eligibility of the beneficiary.

3. You may please advise your Controlling Offices/District Central Cooperative Banks (in case of State Cooperative Banks) and branches accordingly.

Yours faithfully

(Vivek Krishna Sinha)
Chief General Manager

attached: as above

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