RBI
CIRCULAR DATE
8 OCTOBER 2021
APPLICABLE TO
All Scheduled Commercial Banks
(Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks)
SUBJECT OF THE CIRCULAR
Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility
The facility has been extended till March 31, 2022 keeping in view the increased traction observed in delivering credit to the underserved/unserved segments of the economy. Loans disbursed under the on-lending model will continue to be classified under Priority Sector till the date of repayment/maturity whichever is earlier. Further, bank loans to HFCs for on-lending for the purpose of housing.
