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Financing of Infrastructure - Definition of 'Infrastructure Lending'

RBI/2013-14/172
DNBS.PD.CC.No. 354/03.10.001/2013-14

August 02, 2013

All NBFCs

Dear Sir / Madam,

Financing of Infrastructure - Definition of 'Infrastructure Lending'

Government of India, vide its Gazette Notifications dated April 5, 2013 and May 9, 2013, has updated the Harmonised Master List of Infrastructure sub-sectors and added the following new sub-sectors to the Notification dated March 27, 2012:

  1. Capital Dredging, under the sub-sector ‘Ports’.
  2. Slurry Pipelines
  3. Telecommunication & Telecom Services

2. Accordingly, the extant definition of infrastructure loan given in the NBFC Prudential Norms Directions, 2007 stands amended with immediate effect. The revised definition of 'infrastructure loan' is given in the Annex to this circular. Also please find enclosed the amending notification of date for meticulous compliance.

Yours faithfully,

(C. R. Samyuktha)
Chief General Manager


Annex
List of sub-sectors for ‘Infrastructure Lending’

"Infrastructure loan" means a credit facility extended by NBFCs to a borrower for exposure in the following infrastructure sub-sectors:

Sr.
No.

Category

Infrastructure sub-sectors

1.

Transport

i

Roads and bridges

ii

Ports1

iii

Inland Waterways

iv

Airport

v

Railway Track, tunnels, viaducts, bridges2

vi

Urban Public Transport (except rolling stock in case of urban road transport)

2.

Energy

i

Electricity Generation

ii

Electricity Transmission

iii

Electricity Distribution

iv

Oil pipelines

v

Oil / Gas / Liquefied Natural Gas (LNG) storage facility3

vi

Gas pipelines4

3.

Water & Sanitation

i

Solid Waste Management

ii

Water supply pipelines

iii

Water treatment plants

iv

Sewage collection, treatment and disposal system

v

Irrigation (dams, channels, embankments etc)

vi

Storm Water Drainage System

vii

Slurry Pipelines

4.

Communication

i

Telecommunication (Fixed network)5

ii

Telecommunication towers

iii

Telecommunication & Telecom Services

5.

Social and Commercial Infrastructure

i

Education Institutions (capital stock)

ii

Hospitals (capital stock)6

iii

Three-star or higher category classified hotels located outside cities with population of more than 1 million

iv

Common infrastructure for industrial parks, SEZ, tourism facilities and agriculture markets

v

Fertilizer (Capital investment)

vi

Post harvest storage infrastructure for agriculture and horticultural produce including cold storage

vii

Terminal markets

viii

Soil-testing laboratories

ix

Cold Chain7

Notes

1.

Includes Capital Dredging

2.

Includes supporting terminal infrastructure such as loading / unloading terminals, stations and buildings

3.

Includes strategic storage of crude oil

4.

Includes city gas distribution network

5.

Includes optic fibre / cable networks which provide broadband / internet

6.

Includes Medical Colleges, Para Medical Training Institutes and Diagnostics Centres

7.

Includes cold room facility for farm level pre-cooling, for preservation or storage of agriculture and allied produce, marine products and meat.


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