RBI/2008-2009/119
RPCD.SP.
BC. No. 19 / 09.07.01/2008-09 August 5, 2008 The Chairman
/ Managing Director
Indian Scheduled Commercial Banks
(excluding RRBs) Dear
Sir, Differential Rate of Interest Scheme- Revision of income limits-
Clarification regarding semi-urban areas Please
refer to our circular ref. RPCD.
SP. BC.No.55/ 09.07.01/ 2007-08 dated April 10, 2008 intimating the revised
income limits of the captioned scheme being presently implemented by all scheduled
commercial banks. In this connection, it has been clarified by the Ministry of
Finance that the revised eligibility income criteria of Rs. 24000/- for urban
areas under the DRI scheme is applicable to semi-urban areas also. You
are, therefore advised to take necessary steps to ensure that the revised guidelines
regarding the borrowers' eligibility criteria are being properly implemented by
all your controlling offices/ branch offices so as to fulfill the target of 1
percent of the previous years' advances under the DRI scheme. Please
acknowledge receipt. Yours faithfully,
(G.Srinivasan)
Chief General Manager |
|