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Objective
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Conversion of Short Term Agri. Loan (SAO) into Medium Term Loan. Refinance facility
is provided under NABARD Refinance Scheme, under occurance of Natural Calamities.
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Limit
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M.T. conversion limit comprises share of NABARD 60%, State Govt. 15%, DCCB 15% &
MStCB 10%. NABARD issues policy circular for every financial year. (NABARD Policy
for 2015-16 No. 198 dated 21 Sept. 2015)
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Security
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Pronotes of PACS endorsed by DCCB in favour of MStCB.
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Period
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3 / 5 / 7 Years
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Rate of Interest
Prevailing.
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