Institutional Arrangements
The Reserve Bank of India outlines guidelines for relief measures by banks in areas affected by natural calamities. This includes institutional arrangements such as:
- Meeting of District Consultative Committee
- Special SLBC Meeting
- Proactive approach
- Discretionary Powers to Divisional / Zonal Manager of banks
- Identification of the beneficiaries
- Coverage
- Priorities
Agricultural Loans
The guidelines provide for:
- Identification of loss
- Issuance of fresh loans and restructuring of existing loans, including:
- Consumption Loans
- Fresh Loans
- Restructuring of existing loans
- Other guidelines for providing conversion facilities
- Fast relief
- Scale of Finance
Development Loans
The guidelines cover investment costs, terms, and conditions, including:
- Guarantee
- Security
- Margin
- Rate of Interest
Other Categories
The guidelines also provide for relief measures for:
- Artisans and self-employed persons
- Small Scale and Tiny Units
- Other issues, including:
- Business Continuity Planning
Chat with the Master Circular:
Download: Master Circular – Guidelines for Relief Measures by Banks in Areas Affected by Natural Calamities