The
structure of the credit information to the CICs is set out below.
1
|
Information from individual members
where the total amount of loan by the member exceeds Rs.30,000/-
|
Table 1
|
2
|
Information from individual members
where the total amount of loan by the member is upto
Rs.30,000/-
|
Table 2
|
3
|
Information on all members to be
reported to CICs
|
Table 3
|
4
|
Information on members to be collected
at the time of opening of new Savings Bank Accounts of the SHG
|
Table 4
|
Banks
shall collect information in Tables 1 and 2 and report it to the CICs as set
out in Table 3. The tables have been designed based on:
(i) Some of the
information is related to the existing exposures of the members including that
of the groups with whom they might have been previously associated. This
information may be collected directly from the CICs. Hence, there would be no
need to include this information in the dataset reported to the CICs as per
Table 3.
(ii)The information requirements will
be implemented in two phases. The first phase will commence from 1 July 2016
and last for one year. The depth of the credit-related information to be
collected would increase in Phase II to be implemented from 1 July 2017.
(iii)
The
credit information of SHG members will be restricted to those SHGs with
facilities exceeding Rs. 1,00,000/-. However, all the members of SHGs
irrespective of amount shall report the non-credit information when the SHG
approaches the bank for a loan.
(iv) Subject to (iii)
above, the credit information for members having a share above Rs.30,000 or
more, is more detailed than others. The difference will be reduced, as some
more details are added to the latter in Phase II.
(v) The non-credit
information have been designed both from the perspective of identification of
the individual borrowers and supplementing the information requirements of
banks, regulatory and government development agencies. The information shall be
reported to the CICs in a manner that allows the CICs to identify all members.
Banks shall begin collection of the information
from the SHG members and reporting the required information to the CICs from 1
July 2016 ( Phase I) and 1 July 2017 (Phase II).
Banks have the option to collect and
report the SHG member level data either themselves or by outsourcing it to
other entities.
Banks shall start monitoring the NPA
levels in the SHG segment and collect detailed information from members
availing loans exceeding a lower threshold of Rs.20,000, if the gross NPA in
the SHG segment exceeds 10% or is higher than the total gross NPA of the bank
by 5 percentage points.
Non-adherence to the above instructions shall
result in exclusion of non-compliant SHG loan accounts from Priority Sector
Loan (PSL) targets.
Other
operational instructions
At this stage, only the credit
facilities availed of by the SHG member need to be captured. However, the need
for capturing the inter-loaning among the members would be reviewed after
stabilisation of Phase II.
It is not envisaged to extend the credit
reporting system to the monitoring of repayment and recovery of these loans.
However, this will also be considered after Phase II has taken ground.
In cases where
the SHG members agree to open Small Accounts/ Basic Savings Bank Deposit Account,
the information in Table 4 may be collected and kept on record to be used at
the time when the SHG approaches the bank for a loan.
None of the data
requirements specified in this circular should be made a pre-condition for
extending loans to the SHGs.
Banks may encourage the SHGs to keep
written records of loans distributed to their members out of the bank loan and
may consider introducing appropriate incentives in this regard.
Banks
shall develop appropriate policies to deal with applications for credit from
members /SHGs on whom default is reported. They should not be denied loans
merely because of such defaults. Banks should evaluate the credit history of
the members and take into account the economic viability of their activity and
the Groups’ capacity to service the loan.
Specific
instructions to the CICs
CICs may share the information, on an
aggregate basis with Government agencies like NABARD, banks and MFIs for the
purpose of credit planning and research. CICs could also share the information
with other parties for research that could benefit the SHG segment. The information
shall be shared in a manner that is non-discriminatory and respects the
confidentiality of the groups and its members.
Based on RBI Circular dt 14/01/16. Please visit www.rbi.org.in for any further clarification if required….. Poppy
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