|
Sr.No.
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Particulars
|
Information
|
|
(i)
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Particulars of its organisation, functions and duties
|
Department of Refinance (DOR)
NABARD Head Office, Mumbai
Tel-022 26524926
Fax- 022 26530090
Functions
(i)Provides refinance support to banks against
their short term, medium term and long term loans
(ii)Acts as a nodal agency for channelizing
subsidy under various Government Sponsored Schemes
(iii)Monitors implementation of Interest
Subvention scheme in respect of RRBs and Cooperatives.
(iv)Monitors Kisan Credit Card scheme in respect
of RRBs and Cooperatives
(v)Associated with implementation of centrally
sponsored scheme on Revival, Reform and Restructuring Package for Handloom
sector
(vi)Acts as nodal agency for channelizing the
margin money and interest subsidy under the Comprehensive Package for the
Handloom sector
(vii)Acts as coordinating
agency forGoI sugar package
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(ii)
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The powers and duties of its officers and employees
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A. Delegation of Power- The power for sanction and
release of refinance under various lines of assistance by NABARD have been
delegated to officers in various grades as indicated below. These powers are
exercised by the respective officers based on recommendations of Sanctioning
Committees
SHORT TERM
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A. Cooperatives
|
|
Purpose
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In charge of RO(CGM/GM)
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CGM, DoR HO
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ED
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ST (SAO)
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Unrestricted
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-
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-
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ST(SAO)- against pledge of securities
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Unrestricted
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-
|
-
|
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ST
(Weavers)- Procurement and Marketing Activities of Apex/Regional Weavers
Cooperative Societies
|
-
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50
|
100
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ST(Weavers)-
Trading in yarn by Apex/ Regional WCS
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-
|
-
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25
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ROs
headed by Officers in Grade 'D' will have powers in sanctioning ST(SAO) credit
limits to Cooperative Banks upto `5.00 crore. In respect
of ROs headed by officers in Grade ‘D’, CGM DOR HO is vested with unrestricted
powers in sanctioning credit limits to StCBs with regard to ST(SAO), ST(OSAO)
and ST(Weavers)- Production and Marketing Activities of PWCS
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|
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ST(Others)
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(i)ST Credit limit for marketing of crops
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Unrestricted powers to the in-charges of RO (CGM/GM) to sanction credit limit under ST(Others)
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(ii)ST limit for financing approved short term agricultural/allied activities
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(iii)ST limit for finnacing pisciculture activities
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(iv)ST
credit limit for financing production and marketing activities of Primary Industrial
Cooperative Societies, Labour Contract and Forest Labour Cooperative Societies
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(v)ST
credit limits for financing Apex/Regional Industrial Cooperative Societies
(other than weavers)
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(vi)ST
credit limit for financing individual Rural Artisans through PACS
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(vii)ST
limit for financing procurement,stocking and distribution of chemical fertilisers
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MT(Conversion)
loans out of NRC (Stabilisation) fund including MT (Reschedulement/
Rephasement) loans
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Unrestricted
(if RO headed by CGM)
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If
RO headed by other than CGM
|
-
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LT
loans to State Government u/s 27 of NABARD Act, 1981 for contribution to Share
Capital of cooperative credit institutions
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-
|
-
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Unrestricted
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B.Regional Rural Banks
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Aggregate
ST(SAO)ST (OSAO) credit limits
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Unrestricted
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-
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-
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ST(Others)
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Marketing
of Crops
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Unrestricted |
- |
- |
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Refinance
for financing pisciculture activities
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Unrestricted |
- |
- |
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MT(Conversion)
loans out of NRC (Stabilisation) fund including MT(Reschedulement/ Rephasement)
loans
|
Unrestricted
if RO headed by CGM)
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If
Ro headed by other than CGM
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ROs
headed by officers in Grade 'D' will have powers for sanctioning aggregate ST
(SAO) credit limits to RRBs upto `5.00 crore. In respect
of ROs headed by officers in Grade ‘D’, CGM DOR HO is vested with unrestricted
powers in sanctioning credit limits to RRBs with regard to ST(SAO) and ST(OSAO)
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Long Term
1.Sanction of schemes at RO level
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Particulars/ Purpose
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Refinance Commitment (` lakh)
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|
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CGM
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GM (OIC)
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GM
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DGM (OIC)
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DGM
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AGM
|
|
(i)ARF
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Unrestricted
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Unrestricted
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Unrestricted
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Unrestricted
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100
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40
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(i)All
other schemes irrespective of purpose
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1500
|
300
|
300
|
200
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100
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-
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2.Rephasement of Schemes
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Particulars
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CGM/GM /DGM/OIC
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DGM
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AGM
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Rephasement of schemes where refinance commitments or parameters are not revised
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Without restriction on number of times and years
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Maximum three years extension of original phasing
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Maximum 2 years extension of original phasing
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Rephasement of schemes where financial outlay is revised or involves other changes in conditions of sanction
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By sanctioning authority within the delegated powers for sanction of schemes
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3. Release of refinance
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Particulars
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Refinance (` lakh)
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|
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CGM
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GM (OIC)
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GM
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DGM (OIC)
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DGM
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AGM
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(i)Drawals under ARF
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Unrestricted
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Unrestricted
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Unrestricted
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Unrestricted
|
100
|
40
|
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(ii)Drawals under sanctioned schemes
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Unrestricted
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Unrestricted
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300
|
Unrestricted
|
100
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-
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Sanction
of refinance to SCARDBs in ‘medium’ and ‘high risk’ categories
|
Sr.
No. |
Refinance
amount (₹ crore) |
Authorized
Officer
|
|
1 |
Up
to ₹ 200 crore |
CGM,
DoR, HO, Mumbai
|
|
2 |
Above
₹ 200 crore and up to ₹
500 crore |
DMD
|
|
3 |
Above
₹ 500 crore |
Chairman |
Government Sponsored Schemes- CGM/OIC of Regional Office can sanction and release capital subsidy/ interest subsidy/ grant/ revolving fund assistance/ other assistance of any nature out of funds placed with NABARD by Govt. of India/State Government or any other agency under the schemes that are being/will be implemented by NABARD.
B.Duties- The officers and employees perform the duties assigned to them to carry out all the functions of the department as outlined in para at serial no. (i) above.
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(iii)
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Procedure followed in the decision making process, including channels of supervision and accountability
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Procedure- The
policy guidelines for release of refinance are issued to client banks on an
annual basis at the beginning of the year.The modalities for release of subsidy/Interest Subvention are governed
by the procedure prescribed inrespective schemes formulated by Govt. of India. The operational
guidelines in this regard are issued by HO from time to time.
Supervision-
The prescribed guidelines are strictly followed by
the functionaries. In order to further strengthen the system and
procedure,the work done at a lower
level is monitored/supervised by an authority at the higher level as per the
chart given below:
Chief General Manager
I
General Manager (3)
I
|
Policy (ST& LT), KCC
|
Monitoring (ST& LT), Sugar , Interest Subvention
|
Government Sponsored Schemes, Administration
|
Cofinance, Coordination
|
|
1 DGM
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2 DGM
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1 DGM
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2 DGM
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1 AGM
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2 AGM
|
2 AGM
|
|
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1 Mgr
|
3 Mgr.
|
1 Mgr.
|
1 Mgr
|
|
1 AM
|
3 AM
|
4 AM
|
1 AM
|
|
2 SDA
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2 SDA
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4 SDA
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2 SDA
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Accountability- Accountability is fixed on officials according to the duties and authorities assigned to them. .
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(iv)
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Norms set by it for the discharge of its functions
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Functions are discharged within the overall
framework of rules and regulations of NABARD, guidelines received from GoI and
RBI and norms/parameters prescribed in various policy circulars issued by the
Department. The norms for various functions are outlined as follows:
1 Refinance- Long Term
1.1 Eligible Institutions
NABARD can give refinance assistance to Scheduled
Commercial Banks, Regional Rural Banks, State Cooperative Banks, State
Cooperative Agriculture and Rural Development Banks, District Central
Cooperative Banks, Primary Urban Cooperative Banks, Small Finance Banks
NBFCs/NBFC-MFIs etc. or
any other financial institution, approved by Reserve Bank of India (RBI).
1.2 Eligible Purposes
NABARD provides refinance for both Farm Sector and
Non - Farm Sector activities.
1.3. Quantum of Refinance
Quantum is subject to eligibility prescribed in our
refinance policy from time to time
1.4 Rate of interest on refinance
Rate
of interest on refinance is reviewed from time to time taking into account the
cost of funds, market conditions etc.
1.5Repayment
Period
Repayment
period is 3 years to 5 years and above
2 Refinance- Medium Term
2.1. Eligible Institutions-
AllScheduled Commercial Banks, Regional
Rural Banks, State Cooperative Banks, State Cooperative Agriculture and Rural
Development Banks, District Central Cooperative Banks, Primary Urban
Cooperative Banks, Small Finance Banks NBFCs/NBFC-MFIs etc. or any other financial
institution, approved by Reserve Bank of India (RBI).
2.2 Eligible Purposes
All investment
activities under medium term purposes related to agriculture and allied
activities are eligible.
2.3.
Quantum of Refinance
Quantum is subject to eligibility prescribed in our
refinance policy from time to time
2.4 Rate of interest on refinance
Rate of interest on refinance is reviewed from
time to time taking into account the cost of funds, market conditions etc.
2.5 Repayment period
Minimum repayment period is 18 months and maximum
is 3 years
3.Long
Term Rural Credit Fund:
The Fund was announced by GoI in the
Union Budget 2014-15 to motivate Cooperative Banks and RRBs to extend
agriculture term loans to the farmers at concessional rate of interest. This
fund has been constituted with an initial allocation of Rs.5000 crore. During
2017-18 an amount of Rs.15000 cr. has been allocated under this fund. NABARD is
providing refinance facility to Cooperative Banks and RRBs out of this fund to
enable them to provide agriculture term credit at concessional rate
4.Refinance-Short
Term-
4.1-Short
Term(Seasonal Agricultural Operations)
In order to ensure
availability of timely credit to farmers, production-oriented system of lending
is followed by banks. The system has features like assessment of credit needs,
provision of credit for purchase of inputs like fertilizers, pesticides etc.
Crop-wise and district wise scales of finance are fixed and adherence to
seasonality in lending and recovery is ensured. Refinance is provided for the
production purpose at concessional rates of interest to RRBs and to StCBs on
behalf of District CentralCooperative
Banks (DCCBs) by way of sanction of annual credit limits. Each drawal against the sanctioned credit
limit is repayable within 12 months.
This refinance is providedfrom Short Term Cooperative Rural Credit
Fund(STCRC) and Short Term RRB Refinance Fund (STRRB) allocated by GoI/RBI out
of shortfall in priority sector lending of Scheduled Commercial Banks
4.2 Short Term Credit Refinance Fund: STCRC and STRRB
The fund is intended to augment resources of NABARD for
extending short term (SAO) refinance to cooperatives and RRBs. The corpus of
the fund is contributed by scheduled commercial banks having shortfall in
achievement of priority sector target and sub-targets as decided by Reserve
Bank from time to time. Accordingly banks contribute to the corpus announced in
each year's budget. NABARD supplements this fund with open market borrowing for
extending ST(SAO) refinance to cooperatives and RRBs.
During the year 2017-18 an amount of Rs.45000
crore has been allocated under STCRC fund and Rs.10000 crore under ST(RRB)
4.3 Additional ST(SAO)
In view of banks facing liquidity constraints due
to reasons like drought conditions and increased demand, withdrawal of deposits
by CCBs etc. NABARD has started a new line of credit during 2016-17 to provide
Additional Short-Term refinance for (SAO) to StCBs and RRBs over and above
normal ST (SAO) limit, during the year 2016-17 out of market borrowings by
NABARD
4.4 ST(Others) and Weavers
The ST ( Others ) and Weavers limit is sanctioned
to banks for providing short term credit for purposes other than thosecovered under ST(SAO) viz. Agriculture and
Allied Activities, Marketing of crops, Fisheries Sector etc and for meeting
Working Capital requirement of Primary /Apex/Regional Weavers Coop Society ,
State Handloom Development Corporation etc.
5. Refinance-Medium Term Conversion
Refinance facility is available to StCBs and RRBs against the loans converted/ rescheduled
/ rephased of farmers affected by natural calamities under Medium term
stabilization arrangement. The conversion facility in case of StCBs is shared
by NABARD (60%), State Government(15%) and StCB (25%) and in the case of RRBs
the sharing ratio is NABARD (70%), Sponsor Bank (25%) and RRBs(5%).
6 Long Term loan to State
Govt.
Long Term Loans are
provided by NABARD to State Government for contribution of share capital to
cooperative credit institutions (StCBs /DCCBs/ SCARDBs /PCARDBs / PACS /FSS
/LAMPS) for periods upto 12 years in order to strengthen the share capital base of these institutions and thereby increase their
maximum borrowing power and enable them to undertake larger lending programmes;
subject to certain conditions.
7. Interest
Subvention under GoI Scheme for Financing of crop loan at 7% p.a. –
The GoI had launched Interest Subventionscheme in the year 2006-07. As per the extant guidelines of GoI for the
year 2017-18 Interest Subvention of 2% per annum is provided to Public Sector
Banks ,Private Sector Banks (in respect of loans given by their rural and semi
urban branches), Cooperative Banks and Regional Rural Banks on their own funds
used for short term crop loans upto Rs.3,00,000/- per farmer provided the
lending institutions make available short-term credit at the ground level at 7%
per annum to farmers.
In addition to above, a scheme was introduced from 2009-10 for providing
additional interest subvention to the prompt paying farmers wherein presently 3% Interest
Subvention as an incentive to prompt payee farmers is given. This subvention is available to farmers on the
short term production credit upto maximum amount of Rs.3.00
lakh availed during the year. Thus
the prompt paying farmers are getting short term crop loans @4% per annum from
various banks.
In order to discourage distress sale by farmers and to encourage them
instead to store their produce in warehouses, the benefit of interest
subvention will be available to small and marginal farmers having Kisan Credit
Card for a further period of upto six months after the harvesting of the crop
at the same rate as available to crop loan against Negotiable Warehouse
Receipts issued for the produce stored in warehouses accredited with Warehousing
Development Regulatory Authority
To provide relief to farmers affected by natural calamities, an interest
subvention of 2 per cent per annum will be made available to banks for the
first year on the restructured loan amount. Such restructured loans will
attract normal rate of interest from the second year onwards as per the policy
laid down by the RBI.
8 Kisan Credit Card-
Kisan
Credit Card Scheme has been launched in the country to facilitate flow of
adequate credit to farmers in a hassle-free and timely manner. Some of theprovisions of the scheme are as under:
9. Scheme
for Extending Financial Assistance to Sugar Undertakings (SEFASU-2014)
Under
the scheme for extending financial assistance to sugar undertakings
(SEFASU-2014), financing banks provide loans to sugar mills to clear cane price
arrears of previous sugar seasons and settle cane price of current sugar season
in a timely manner, as per fair and remunerative price (FRP) periodically fixed
by the central government. State Bank of India (SBI) was appointed the nodal
bank to manage the subsidy for onward reimbursement to respective banks. On
behalf of cooperative banks and RRBs NABARD coordinates the claims with SBI for
reimbursement
10. Revival, Reform and
Restructuring Package for Handloom Sector
The revival, reform and restructuring (RRR) package for
handloom sector is being implemented since 2011-12. Twenty-seven states have
signed tripartite MoUs for the centrally- sponsored plan scheme with GoI and
NABARD. Under RRR, 39 Apex Weaver’s Cooperative Societies (AWCS), 9642 Primary
Weavers Cooperative Societies (PWCS), 6310 SHGs and 54226 individual weavers
have been assisted since the beginning. To settle claims under the package an
amount of ` 741.03 crore was released
by GoI in four tranches
11.Capital Investment Subsidy Schemes-
NABARD is the pass through agency for channelizing subsidy for
various Government Sponsored Schemes implemented by GoI furnished as under:
(i)Dairy Entrepreneurship Development Scheme
(ii)National Livestock Mission
(iii)Agri Clinics and Agri Business Centres
(iv)National project on Organic Farming
The norms for execution of subsidy programmes is given in
point no. (xii)
|
| (v)
|
Rules, regulations,
instructions, manuals and records, held by it or under its control or used by
its employees for discharging its functions.
|
The
following manuals containing broad policy , procedures/rules documentation etc
have been prepared for reference:
(i)Short
Term Manual
(ii)Long
Term Manual
(iii)Handbooks
on Government Sponsored Schemes
(iv)Internal
and external circulars are made available to staff members on the Bank's
intranet and external circulars on Bank's website (www.nabard.org)
Modifications in the
guidelines/operational instructions are made from
time to time through issuance of circulars which are also uploaded on the
website
|
|
(vi)
|
A statement of the categories of documents that
are held by it or under its control
|
The
following documentation are done for release of refinance-
A.
General Refinance Agreement, Board Resolution- Executed by borrowing
institutions for long term refinance support
B.
Government Guarantee or Pledge of FDs-by StCB and SCARDB for long term refinance support/ interim finance
assistance
C.
Loan Agreement, Mandate, DP note , NODC statements-by StCB/RRB for short term refinance support
|
|
(vi)
|
A statement of the categories of documents that
are held by it or under its control
|
The
following documentation are done for release of refinance-
A.
General Refinance Agreement, Board Resolution- Executed by borrowing
institutions for long term refinance support
B.
Government Guarantee or Pledge of FDs-by StCB and SCARDB for long term refinance support/ interim finance
assistance
C.
Loan Agreement, Mandate, DP note , NODC statements-by StCB/RRB for short term refinance support
|
|
(vii)
|
Particulars
of any arrangement that exists for consultation with or representation by the
members of the public in relation to the formulation of its policy or
implementation thereof
|
Feedback
from banks, farmers, rural entrepreneurs, members of public are obtained
through our district offices, meetings, workshops, studies, training programmes
etc. which are taken into account for framing various policies and programmes
of the department.
|
|
(viii)
|
A
statement of the boards, councils, committees and other bodies consisting of
two or more persons constituted as its part or for the purpose of its advice,
and as to whether meetings of those boards, councils, committees and other
bodies are open to the public, or the minutes of such meetings are accessible
for public
|
The
policy/modalities for refinance in DoR are effected after taking approval from
Board or various committees of the Board of NABARD. The meetings of the
board/such committees and minutes thereof are not open to public.
|
|
(ix)
|
A
directory of its officers and employees
|
These
particulars may be accessed from information furnished by HRMD
|
|
(x)
|
The
monthly remuneration received by each of its officers and employees, including
the system of compensation as provided in its regulations
|
Click Here
|
|
(xi)
|
Budget
allocated to each of its agency, indicating the particulars of all plans,
proposed expenditures and
reports on disbursements made
|
Budget
Allocated and Disbursements made:
Long
Term Refinance – Position as on 31.12.2017
'crore
|
Agency
|
Target for 2017-18
|
Achievement as on 31.12.2017
|
|
Commercial Banks
|
26000.00
|
32575.00
|
|
RRBs
|
13000.00
|
9304.10
|
|
StCBs
|
7000.00
|
5391.27
|
|
SCARDBs
|
4000.00
|
1589.57
|
|
NBFCs/PUCB/
ABF(AP)/ NABKISAN/ NABFINS
|
5000.00
|
2858.97
|
|
Total
|
55000.00
|
51718.91
|
Short Term Refinance – Position as on 31.12.2017
`crore
|
Agency
|
Target for 2017-18
|
Achievement as on 31.12.2017
|
|
ST-SAO
|
|
|
|
StCB
|
44800.00
|
28487.87
|
|
RRB
|
10000.00
|
8114.17
|
|
PSB to PACs
|
200.00
|
0
|
|
Total
|
55000.00
|
36602.04
|
|
Additional
ST(SAO)
|
5000.00
|
12120.48
|
|
ST(Others)
and Weavers
|
1000.00
|
1229.50
|
Government
Sponsored Schemes
` crore
|
S.No
|
Name
of the Scheme
|
Cumulative
Subsidy Disbursed as on 30.11.2017
|
|
1
|
Dairy
Entrepreneurship Development Scheme
|
1173.44
|
|
2
|
Poultry
Venture Capital Fund (Subsidy) scheme
|
197.65
|
|
3
|
Integrated
Development of Small Ruminants and Rabbits
|
114.89
|
|
4
|
Pig
Development
|
64.32
|
|
5
|
Salvaging
and Rearing of Male Buffalo Calves
|
0.40
|
|
6
|
Agri
Clinics and Agri Business Centers
|
64.65
|
|
7
|
National
Project on Organic Farming
|
27.11
|
|
|
(xii)
|
Manner
of execution of subsidy programmes, including the amounts allocated and the
details of beneficiaries of such programmes
|
ACABC -
The Regional Offices of NABARD scrutinize the
proposals of subsidy claims received from banks and sanction the subsidy. The
consolidated subsidy claims are sent to Dept. of Refinance, NABARD, Head Office
by the ROs which places an indent for funds to GoI based on the claims from
ROs. Based on availability of funds from GoI, the claims received from
RegionalOffices are confirmed for
release to the respective banks.The
statewise details of beneficiaries are available with NABARD Regional Offices
and the nodal departments.
Animal Husbandry Schemes-
Regional Offices (ROs) of NABARD scrutinize claims
received from banksand sanction the
eligible subsidy, on finding the same suitable as per GoI guidelines.
Subsequently, consolidated subsidy claims are forwarded by ROs to Dept. of Refinance,
NABARD, Head Office (HO) at Mumbai seeking confirmation to release the subsidy.
Time to time HO places indent for funds with GoI based on the claims from ROs.
HO receives fund as and when the same is released by GoI . Based onavailability of funds from GoI ,HOgives confirmation to ROs for release of
subsidy. As per GoI guidelines, subsidy is routed through the financing banks to
the entrepreneurs by NABARD regional offices. Budget/funds for the scheme is
allocated by GoI every year.
Dairy Entrepreneurship Development Schemes-
NABARD
has launched a software for DEDS from 05.09.2017 for submission, scrutiny,
sanction and release of Government Sponsored Subsidy Schemes applications. The
software is expected to reduce drudgery at bank and NABARD level and bring
about efficiency and transparency in the process of releasing subsidy..
|
|
(xiii)
|
Particulars of recipients of concessions, permits or authorisations granted by the organisation
|
The provisions under various schemes are equally applicable to all eligible institutions
|
|
(xiv)
|
Details in respect of the information available to or held by it, reduced in an electronic form
|
All relevant information are available in both hard and soft form
|
|
(xv)
|
Particulars of facilities available to citizens for obtaining information, including the working hours of a library or reading room, if maintained for public use
|
There
is no library or reading room in DoR. The information sought for under RTI Act
are provided in due course to the applicants through RTI cell
|
|
(xvi)
|
The names, designations and other particulars of the Public Information Officers
|
Available on below link
|
|
(xvii)
|
Such other information as may be prescribed and thereafter update these publications every year.
|
NIL
|