Tuesday, May 31, 2016

Discontinuation of Statements on Special Agriculture Credit Plan (SACP)

Under SACP, the banks were required to fix self-set targets for the year, with an increase of about 25% over the previous year. The banks were required to forward half yearly statements to RBI (FIDD) indicating their progress of implementation.

It has been decided to discontinue the submission of these statements wef April 2016. However, the credit disbursement statements for the half year ended March 2016 may be forwarded.
Based on RBI circular dated 5/5/16. For further details please visit www.rbi.org.in …..Poppy