May 3, 2023
Circular No : 78/DoR- 11/2023
Chairman / Chief Executive Officer / Managing Director
All Scheduled Commercial Banks
State Cooperative Bank / State Cooperative Agriculture and Rural Development Bank
Regional Rural Bank / Scheduled Primary Urban Cooperative Bank
Other institutions eligible for refinance from NABARD
Madam / Dear Sir,
Instructions regarding continuation of ACABC scheme (for the financial year 2023-24)
Please refer to our circular No.255/DoR- 85/2022 dated 22nd December 2022 forwarding therewith the approval of GoI for implementation of the ACABC scheme upto March 2023.
2. We have since received a communication from Directorate of Extension, GoI informing the continuation of AC&ABC programme for the current financial year 2023-24 based on the approval of the Expenditure Finance Committee (EFC) subject to the approval of the Cabinet Committee on Economic Affairs (CCEA). A Copy of the GoI letter F.No.1 (1)/2020-ACABC/EM dated 03rd April 2023 in this regard is enclosed. The salient features of the scheme remain unchanged.
3. You may please advise your Controlling Offices/District Central Cooperative Banks (in case of State Cooperative Banks) and branches accordingly.
Enclosure: As above