भारतीय ररज़र्व बैंक

__________________________ RESERVE BANK OF INDIA__________________________

www.rbi.org.in

RBI/FIDD/2017-2018/56
Master Direction FIDD.MSME & NFS.12/06.02.31/2017-18 July 24, 2017
(Updated as on June 11, 2024)
(Updated as on December 28, 2023)
(Updated as on July 29, 2022)
(Updated as on April 25, 2018)

The Chairman / Managing Director / Chief Executive Officer

All Scheduled Commercial Banks
(excluding Regional Rural Banks)

Madam/Dear Sir,

Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector

The Reserve Bank of India has, from time to time, issued a number of instructions /
guidelines to banks relating to lending to the Micro, Small and Medium Enterprises Sector.
The Master Direction enclosed incorporates the updated instructions / guidelines on the
subject. The list of circulars consolidated in this Master Direction is indicated in the
Appendix.

Yours faithfully

(R Giridharan)
Chief General Manager

वित्तीय समािेशन और विकास विभाग, केद्रीय कायाालय, 10िी मंजिल, केद्रीय कायाालय भिन, मंबई 400 001,
टे ललफोन /Tel No: 91-22-22661000 फैक्स/Fax No: 91-22-22621011/22610948/22610943 ई-मेल/ Email ID: [email protected]
Financial Inclusion & Development Department, Central Office, 10th Floor, C.O. Building, Post Box No.10014, Mumbai -400 001
ह द
ं ी आसान ै , इसका प्रयोग बढाइये
Master Direction – Reserve Bank of India [Lending to Micro, Small & Medium
Enterprises (MSME) Sector] - Directions, 2017

In exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act,
1949, the Reserve Bank of India, being satisfied that it is necessary and expedient in the
public interest to do so, hereby, issues the Directions hereinafter specified.

CHAPTER – I

PRELIMINARY

1.1 Short Title and Commencement

a) These Directions shall be called the Reserve Bank of India [Lending to Micro, Small
& Medium Enterprises (MSME) Sector] Directions, 2017.
b) These Directions shall come into effect on the day they are placed on the official
website of the Reserve Bank of India.

1.2 Applicability

The provisions of these Directions shall apply to all Scheduled Commercial Banks (excluding
Regional Rural Banks RRBs).

1.3 Definitions/ Clarifications

In these Directions, unless the context otherwise requires, the terms herein shall bear the
meanings assigned to them as below:

a) The MSMED Act, 2006 means ‘Micro, Small and Medium Enterprises Development
(MSMED) Act, 2006’ as notified by the Government of India on June 16, 2006 and
the amendments, if any, carried out therein by the Government of India from time to
time.
b) ‘Micro, Small and Medium Enterprises’ mean the enterprises as defined in the
MSMED Act, 2006 and the amendments, if any, carried out therein by the
Government of India from time to time.
c) ‘Priority Sector’ means the sectors specified in the Master Direction on Priority Sector
Lending (PSL) – Targets and Classification dated September 4, 2020 as updated
from time to time.
d) ‘Adjusted Net Bank Credit (ANBC)’ shall have the same meaning as given in the
Master Direction on Priority Sector Lending (PSL) – Targets and Classification dated
September 4, 2020 as updated from time to time.

1
 CHAPTER – II

2. Micro, Small and Medium Enterprises Development (MSMED) Act, 2006

2.1 In terms of Gazette Notification S.O. 2119 (E) dated June 26, 2020, an enterprise shall
be classified as a micro, small or medium enterprise on the basis of the following criteria viz.,

i) a micro enterprise, where the investment in plant and machinery or equipment does
not exceed ₹1 crore and turnover does not exceed ₹5 crore;
ii) a small enterprise, where the investment in plant and machinery or equipment does
not exceed ₹10 crore and turnover does not exceed ₹50 crore; and
iii) a medium enterprise, where the investment in plant and machinery or equipment
does not exceed ₹50 crore and turnover does not exceed ₹250 crore.

2.2 All the above enterprises are required to register online on the Udyam Registration portal
and obtain ‘Udyam Registration Certificate’. For PSL purposes banks shall be guided by the
classification recorded in the Udyam Registration Certificate (URC).

2.3 Retail and Wholesale trade are included as MSMEs for the limited purpose of priority
sector lending and are allowed to be registered on Udyam Registration Portal.

2.4 The certificate issued on Udyam Assist Portal (UAP) to Informal Micro Enterprises
(IMEs) shall be treated at par with Udyam Registration Certificate for the purpose of availing
Priority Sector Lending benefits. IMEs with an Udyam Assist Certificate shall be treated as
micro enterprises for the purpose of PSL classification.

CHAPTER - III

3 Targets / sub-targets for lending to MSME sector

3.1 Priority Sector Guidelines for MSME sector

Scheduled Commercial Banks shall adhere to the targets/sub-targets for lending to the
MSME sector and related aspects as laid down in the Master Direction on Priority Sector
Lending (PSL) – Targets and Classification dated September 4, 2020 as updated from time
to time.

3.2 In terms of the recommendations of the Prime Minister’s Task Force on MSMEs, banks
are advised to achieve:
i) 20 per cent year-on-year growth in credit to micro and small enterprises,
ii) 10 per cent annual growth in the number of micro enterprise accounts and
iii) 60 per cent of total lending to MSE sector as of the corresponding quarter of the
previous year to micro enterprises.

2
 CHAPTER - IV

4. Common guidelines/Instructions for lending to MSME sector

4.1 Collateral

Banks are mandated not to accept collateral security in the case of loans up to ₹10 lakh
extended to units in the MSE sector. Banks are also advised to extend collateral-free loans
up to ₹10 lakh to all units financed under the Prime Minister Employment Generation
Programme (PMEGP) administered by KVIC. Banks may, on the basis of good track record
and financial position of the MSE units, increase the limit to dispense with the collateral
requirement for loans up to ₹25 lakh (with the approval of the appropriate authority). Banks
are advised to strongly encourage their branch level functionaries to avail of the Credit
Guarantee Scheme cover, including making
The Prime performance
Minister's in this
Employment regard Programme
Generation a criterion in the
(PMEGP) is
administered by the Ministry of Micro, Small and Medium Enterprises
evaluation of their field staff.
(MoMSME). The Khadi and Village Industries Commission (KVIC) is the
nodal agency at the national level for implementing the scheme
4.2 Composite loan

A composite loan limit of ₹1 crore can be sanctioned by banks to enable the MSE
entrepreneurs to avail of their working capital and term loan requirement through Single
Window. A composite loan is a financial product that combines multiple types of loans into a single loan
arrangement.
4.3 General Credit Card (GCC) Facility

Banks which are eligible to issue credit cards under the Master Direction -Credit Card and
Debit card- Issuance and Conduct Directions, dated April 21, 2022 (as updated from time to
time), may issue General Credit Cards to individuals/entities sanctioned working capital
facilities for non-farm entrepreneurial activities which are eligible for classification under the
priority sector guidelines. The terms and conditions of the credit facilities extended in the
form of GCC shall be as per the Board approved policies of the banks, within the overall
framework laid down by Reserve Bank. Guidelines on collateral free lending for micro and
small units issued from time to time shall apply. Banks shall adhere to the instructions on
reporting GCC data as issued by RBI from time to time.

4.4 Streamlining flow of credit to Micro and Small Enterprises (MSEs) for facilitating
timely and adequate credit flow during their ‘Life Cycle’

In order to provide timely financial support to Micro and Small enterprises facing financial
difficulties during their ‘Life Cycle’, detailed guidelines were issued to banks vide circular
FIDD.MSME & NFS.BC.No.60/06.02.31/2015-16 dated August 27, 2015 on the captioned
subject. In accordance with the guidelines, banks shall review and tune their lending policies
to the MSE sector by incorporating therein the following provisions so as to facilitate timely

3
and adequate availability of credit to viable MSE borrowers especially during the need of
funds in unforeseen circumstances:

i) To extend standby credit facility in case of term loans.

ii) Additional working capital to meet with emergent needs of MSE units.
iii) Mid-term review of the regular working capital limits, where banks are convinced that
changes in the demand pattern of MSE borrowers require increasing the existing
credit limits of the MSEs, every year based on the actual sales of the previous year.
iv) Timeline for credit decisions for loans up to ₹25 lakh to units in the MSE borrowers
shall not be more than 14 working days. For loans above the aforementioned limit,
timelines shall be as per the Board approved sanction time norms. All credit related
information pertaining to MSMEs including timelines for credit decisions, indicative
document checklist etc., shall be displayed under a separate tab prominently on the
bank’s website.

4.5 Debt Restructuring Mechanism for MSMEs

i) Banks are advised to follow the guidelines/instructions on debt restructuring

pertaining to MSMEs contained in the ‘Master Circular - Prudential norms on
Income Recognition, Asset Classification and Provisioning pertaining to Advances’
as updated from time to time.
ii) All commercial banks are also advised in terms of our circular
RPCD.SME&NFS.BC.No. 102/06.04.01/2008-09 dated May 4, 2009 to do the
following:
a) put in place loan policies governing extension of credit facilities,
Restructuring/Rehabilitation policy for revival of potentially viable sick units /
enterprises (now read with guidelines on Framework for Revival and
Rehabilitation of Micro, Small and Medium Enterprises issued on March 17,
2016) and non- discretionary One Time Settlement scheme for recovery of non-
performing loans for the MSE sector, with the approval of the Board of Directors
and
b) give wide publicity to the One-Time settlement scheme implemented by them,
by placing it on the bank’s website and through other possible modes of
dissemination. They may allow reasonable time to the borrowers to submit the
application and also make payment of the dues in order to extend the benefits
of the scheme to eligible borrowers.
c) implement recommendations with regard to timely and adequate flow of credit to
the MSE sector.

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4.6 Framework for Revival and Rehabilitation of MSMEs

The Ministry of Micro, Small and Medium Enterprises, Government of India, vide their
Gazette Notification dated May 29, 2015 had notified a ‘Framework for Revival and
Rehabilitation of Micro, Small and Medium Enterprises’ to provide a simpler and faster
mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion
and development of MSMEs. After carrying out certain changes in the captioned Framework
in consultation with the Government of India, Ministry of MSME so as to make it compatible
with the existing regulatory guidelines on ‘Income Recognition, Asset Classification and
Provisioning pertaining to Advances’ issued to banks by RBI, the guidelines on the captioned
Framework along with operating instructions were issued to banks on March 17, 2016. The
revival and rehabilitation of MSME units having loan limits up to ₹25 crore would be
undertaken under this Framework. The revised Framework supersedes our earlier
Guidelines on Rehabilitation of Sick Micro and Small Enterprises issued vide our circular
RPCD.CO.MSME& NFS.BC.40/06.02.31/2012-2013 dated November 1, 2012, except those
relating to Reliefs and Concessions for Rehabilitation of Potentially Viable Units and One
Time Settlement, mentioned in the said circular.
SMA 0: Up to 30 days overdue
SMA 1: More than 30 days and up to 60 days overdue
The salient features of the Framework are as under: SMA 2: More than 60 days and up to 90 days overdue

i) Before a loan account of an MSME turns into a Non-Performing Asset (NPA), banks
or creditors should identify incipient stress in the account by creating three sub-
categories under the Special Mention Account (SMA) category as given in the
Framework
ii) Any MSME borrower may also voluntarily initiate proceedings under this Framework
iii) Committee approach to be adopted for deciding corrective action plan
iv) Timelines have been fixed for taking various decisions under the Framework

4.7 Structured Mechanism for monitoring the credit growth to the MSE sector

Banks shall put in place a structured mechanism to monitor the entire gamut of credit related
issues pertaining to the MSE sector. Accordingly, banks shall implement the following:

i) Credit Proposal Tracking System (CPTS): Banks shall put in place a CPTS/
equivalent tracking mechanism to facilitate central registration and a system of e-
tracking of all MSME loan applications. This mechanism shall automatically generate
an acknowledgement of the application, having a unique application serial number for
both physical and online applications. Further, it shall also be ensured that the
acknowledgement and status of the application is sent automatically to the
applicants.

5
 ii) Indicative check list of documents: Banks shall furnish the MSME borrowers with an
indicative checklist of documents required for processing the loan application at the
time of applying for the loan.
iii) Monitoring the loan application disposal process: Banks shall monitor the loan
application disposal process and pendency beyond sanction time norms at
appropriate levels on a quarterly basis. The position in this regard shall be displayed
by banks on their websites in the format specified in (Annex I) within one month from
the end of the preceding quarter.
iv) Reasons for rejection of loan applications: Banks shall, within the Board approved
sanction time norms, convey to the MSME borrowers in writing the main
reason/reasons which, in the opinion of the bank after due consideration, have led to
rejection of the loan applications.
v) Comprehensive Performance MIS: Banks shall implement a system-driven
comprehensive performance management information system (MIS) at branches and
supervisory levels (region, zone, head office). The Performance should be critically
evaluated on a regular basis. The credit flow to the sector shall also be reviewed by
the Board of the banks at periodic intervals.

Detailed guidelines were issued to the scheduled commercial banks vide our circular RPCD.
MSME&NFS.BC.No.74/06.02.31/2012-13 dated May 9, 2013.

Chapter - V

5. Institutional arrangements

5.1 Specialised MSME branches

Public sector banks are advised to open at least one specialised branch in each district.
Further, banks have been permitted to categorise their general banking branches having
60% or more of their advances to MSME sector as specialized MSME branches in order to
encourage them to open more specialised MSME branches for providing better service to
this sector as a whole. As per the policy package announced by the Government of India for
stepping up credit to MSME sector, the public sector banks would ensure specialized MSME
branches in identified clusters/centres with preponderance of small enterprises to enable the
entrepreneurs to have easy access to the bank credit and to equip bank personnel to
develop requisite expertise. Though their core competence will be utilized for extending
finance and other services to MSME sector, they will have operational flexibility to extend
finance/render other services to other sectors/borrowers. Banks may take care to train the
officials posted in such branches appropriately.

6
5.2 Empowered Committee on MSMEs

Empowered
As part of theCommittees
announcementon MSMEs
made areby
constituted
the Unionat Finance
the Regional OfficesEmpowered
Minister, of Reserve Bank of India
Committees
Chairman - Regional Director (RBI)
on MSMEs are- constituted at the Regional Offices of Reserve Bank of India, under the
Representatives
1. The State Level
Chairmanship of Bankers' Committee
the Regional (SLBC)
Directors convenor,
with the representatives of SLBC Convenor, senior
2. Senior level officers from two banks having predominant share in MSME financing in the state,
3. SIDBI
level Regional
officers from Office,
two banks having predominant share in MSME financing in the state,
4. Director of MSME
representative of SIDBIor Industries of theOffice,
Regional State Government
the Director, of MSME or Industries of the State
5. One or two senior level representatives from the MSME Associations,
6. A senior levelone
Government, officer
or from
two State Financial
senior Corporation's (SFCs)
level representatives from/State Industrial
the MSME Developmentin the
Associations
Corporation (SIDC) as members.
state, and a senior level officer from SFC/SIDC as members. The Committee would meet
Note - The Committee would meet periodically and review the progress in MSME financing
periodically and review the progress in MSME financing as also revival and rehabilitation of
stressed Micro, Small and Medium units. It would also coordinate with other banks/financial
institutions and the state government in removing bottlenecks, if any, to ensure smooth flow
of credit to the sector. The committees may decide the need to have similar committees at
cluster/district levels.

5.3 Banking Codes and Standards Board of India (BCSBI)

BCSBI in collaboration with the Indian Banks' Association (IBA), Reserve Bank of India (RBI)
and member banks had evolved the ‘Code of Bank's Commitment to Micro and Small
Enterprises’ - which set minimum standards of banking practices for member banks to follow
when they are dealing with Micro and Small Enterprises. The objective of the Code is to
promote good banking practices, setting minimum standards for the adherents, increasing
transparency, achieving higher operating standards and above all, promoting a cordial
banker-customer relationship which would foster confidence in the banking system. The
Code lays great emphasis on transparency and providing full information to the customer
before a product or service is sold to him/her. Above all, member banks of BCSBI have
voluntarily adopted the Code for implementation. While BCSBI has initiated the process of its
dissolution, banks may continue to follow their commitments as hitherto under the Code of
Bank's Commitment to Micro and Small Enterprises.

5.4 Micro and Small Enterprises Sector – The imperative of Financial Literacy and
consultancy support

Keeping in view the high extent of financial exclusion in the MSME sector, it is imperative for
banks that the excluded units are brought within the fold of the formal banking sector. The
lack of financial literacy, operational skills, including accounting and finance, business
planning etc. represent formidable challenge for MSE borrowers underscoring the need for
facilitation by banks in these critical financial areas. Moreover, MSE enterprises are further
handicapped in this regard by absence of scale and size. To effectively and decisively
address these handicaps, scheduled commercial banks were advised vide our circular

7
RPCD.MSME & NFS.BC.No.20/06.02.31/2012-13 dated August 1, 2012 that they could
either separately set up special cells at their branches, or vertically integrate this function in
the Financial Literacy Centres (FLCs) set up by them, as per their comparative advantage.
The bank staff should also be trained through customised training programs to meet the
specific needs of the sector. Further, Financial Literacy Centres operated by Scheduled
commercial Banks have been advised vide our circular
FIDD.FLC.BC.No.22/12.01.018/2016-17 dated March 2, 2017 to conduct target specific
financial literacy camps, where one of the target groups is small entrepreneurs.

5.5 Cluster Approach

A cluster shall mean a cluster identified by the Ministry of Micro, Small and Medium
Enterprises, Government of India or the respective State /UT Governments. SLBC/UTLBC
Convenor banks shall display the list of these clusters on their portals and update them
semi-annually as at end-March and end-September. The updated list of clusters identified by
Ministry of MSME may be accessed from Ministry’s official website, while information on
clusters recognized by State Governments/Union Territories shall be obtained directly from
Credit linkage refers to the relationship between formal and informal financial institutions that
the respective authorities. allows financial services to be provided to people who otherwise might not have access to them

i) The lead bank of a district shall promote ‘credit-linkage’ in all clusters located within the
district. The initiatives under promotion of the credit-linkage, shall include but not be
restricted to the following measures:

 Assessing the credit requirements of the MSE units in the clusters and addressing
their credit needs directly or facilitating their linkage with other banks operating in the
area for credit proposals.
 Creating awareness among the MSE units in the clusters regarding the importance of
formal credit linkage through various forums including financial literacy camps.
 Enabling coverage under various skill development initiatives in the district.
 Focused attention and proactive measures to improve financial services in the
underbanked clusters.
ii) The banks shall ensure that the credit needs of clusters are appropriately included in the
exercise of preparation of branch/block level plans so that the same can be aggregated by
lead banks to form the District Credit Plan (DCP) and subsequently by SLBC /UTLBC
Convenor banks to prepare the Annual Credit Plan (ACP).

iii) The SLBC /UTLBC Convenor banks shall disclose the credit extended to clusters in the
State/UT on their portal every quarter in the prescribed format (Annex II).

8
5.6 Delayed Payment

In the Micro, Small and Medium Enterprises Development (MSMED), Act 2006, the
provisions of The Interest on Delayed Payment to Small Scale and Ancillary Industrial
Undertakings Act, 1998, have been strengthened as under:

i) The buyer has to make payment to the supplier on or before the date agreed upon
between him and the supplier in writing or, in case of no agreement, before the
appointed day. The period agreed upon between the supplier and the buyer shall not
exceed forty-five days from the date of acceptance or the day of deemed
acceptance.
ii) In case the buyer fails to make payment of the amount to the supplier, he shall be
liable to pay compound interest with monthly rests to the supplier on the amount from
the appointed day or, on the date agreed on, at three times of the Bank Rate notified
by Reserve Bank.
iii) For any goods supplied or services rendered by the supplier, the buyer shall be liable
to pay the interest as advised at (ii) above.
iv) In case of dispute with regard to any amount due, a reference shall be made to the
Micro and Small Enterprises Facilitation Council, constituted by the respective State
Government.

Further, banks are advised to fix sub-limits within the overall working capital limits to the
large borrowers specifically for meeting the payment obligation in respect of purchases from
MSMEs.
CHAPTER - VI
6. Committees on flow of Credit to MSE sector

Scheduled Commercial Banks may be guided by the contents of the following circulars while
extending credit to MSE sector:

6.1 Report of the High Level Committee on Credit to SSI (now MSE) (Kapur
Committee)

All scheduled commercial banks were advised vide our circular RPCD. No.
PLNFS.BC.22/06.02.31/98- 99 dated August 28, 1998 to implement the Kapur Committee
Recommendations.

6.2 Report of the Committee to Examine the Adequacy of Institutional Credit to SSI
Sector (now MSE) and Related Aspects (Nayak Committee)

All scheduled commercial banks were advised vide our circular RPCD.PLNFS.BC.No.
61/06.0262/2000-01 dated March 2, 2001 to implement the Nayak Committee
Recommendations. Grant working capital credit limits to SSI (now MSE) units computed on the basis of minimum 20%
of their estimated annual turnover whose credit limit in individual cases is upto Rs.2 crore [ since
raised to Rs.5 crore

9
6.3 Report of the Working Group on Flow of Credit to SSI (now MSE) Sector (Ganguly
Committee)

The recommendations of the Committee were communicated to banks for implementation

vide circular RPCD.PLNFS.BC.28/06.02.31(WG)/2004-05 dated September 4, 2004.

6.4 Working Group on Rehabilitation of Sick SMEs (Chairman: Dr. K.C. Chakrabarty)

Banks were advised vide circular dated RPCD.SME&NFS.BC.No.102/06.04.01/2008-09

dated May 4, 2009 to consider implementation of the recommendations, inter alia, that
lending in case of all advances upto ₹2 crores may be done on the basis of scoring model.

6.5 Prime Minister’s Task Force on Micro, Small and Medium Enterprises

A High-Level Task Force was constituted by the Government of India (Chairman: Shri T K A
Nair), in January 2010, to consider various issues raised by Micro, Small and Medium
Enterprises (MSMEs). The Task Force recommended several measures having a bearing on
the functioning of MSMEs, viz., credit, marketing, labour, exit policy,
infrastructure/technology/skill development and taxation. The comprehensive
recommendations cover measures that need immediate action as well as medium term
institutional measures along with legal and regulatory structures and recommendations for
North- Eastern States and Jammu & Kashmir.

Banks are urged to keep in view the recommendations made by the Task Force and take
effective steps to increase the flow of credit to the MSE sector, particularly to the micro
enterprises. A circular was issued to all scheduled commercial banks vide RPCD.SME&NFS
BC.No. 90/06.02.31/2009-10 dated June 29, 2010 advising implementation of the
recommendations of the Prime Minister’s Task Force on MSMEs.

6.6 Working Group to Review the Credit Guarantee Scheme for Micro and Small
Enterprises

A Working Group was constituted by the Reserve Bank of India under the Chairmanship of
Shri V.K. Sharma, Executive Director, to review the working of the Credit Guarantee Scheme
(CGS) of CGTMSE and suggest measures to enhance its usage and facilitate increased flow
of collateral free loans to MSEs. The recommendations of the Working Group included, inter
alia, mandatory doubling of the limit for collateral free loans to micro and small enterprises
(MSEs) sector from ₹5 lakh to ₹10 lakh and enjoining upon the Chief Executive Officers of
banks to strongly encourage the branch level functionaries to avail of the CGS cover and
making performance in this regard a criterion in the evaluation of their field staff, etc. have
been advised to all banks. A circular to this effect was issued to all scheduled commercial
banks vide RPCD.SME&NFS.BC.No.79/06.02.31/2009-10 dated May 6, 2010.

10
 Annex ‐ I
From: …………………………. To: …………………………….
MSME ACCOUNTS‐ Format for reporting of Applications received/sanctioned/rejected for the Quarter ended JUNE / SEPT / DEC / MAR …………..
No. of A/Cs in actuals & Amount in ₹ Crore
Sector Micro Enterprises Small Enterprises Medium Enterprises Total MSME
FB NFB FB NFB FB NFB FB NFB
APPLICATION AM APPLICATION AM APPLICATION AM APPLICATION AM APPLICATION AM APPLICATION AM APPLICATION AM APPLICATI A
S T S T S T S T S T S T S T ONS MT
Applications
pending at
the beginning
of Quarter
Applications
pending
beyond bank
prescribed
sanction time
norms at the
beginning of
Quarter
Applications
received
During the
Quarter
Applications
sanctioned
during the
Quarter
Out of
sanctions
made,
Disbursed
during the
Quarter
(inclusive of
previous
sanctions)
Applications
rejected
during the
Quarter
Applications
pending at the
end of the
Quarter
Applications
pending
beyond bank
prescribed
sanction time
norms at the
end of
Quarter
 Annex ‐ II

Data on Credit extended to MSME clusters in the State/UT of .........for the QE…....

(No. in Actual, Amount O/s in ₹ Crore)

No of credit
Total No.
Name of Sector (Textiles, linked Credit outstanding at the end of the
Lead of MSME
Sr. No. District the Engineering MSME units quarter to the credit linked MSME
Bank units in the
Cluster works, etc) in the units
cluster
cluster

1 2 3 4 5 6 7 8

1
2
3
4
5
6
7
8
9
10
 Appendix

List of Circulars consolidated by the Master Direction

SI. Circular No. Date Subject Paragraph

No. No.
1 FIDD.MSME & December 28, 2023 Classification of MSMEs 2.2
NFS.BC.No.13
/06.02.31/2023-24
2 FIDD.MSME & May 09, 2023 Formalisation of Informal
NFS.BC.No.09/06.02.31/2 Micro Enterprises on Udyam 2.4
023-24 Assist Platform
3 FIDD.MSME & April 25, 2023 General Credit Card (GCC)
NFS.BC.No.06/06.02.31/2 Facility – Review 4.3
023-24
4 FIDD.MSME & July 7, 2021 New Definition of Micro, Small
NFS.BC.No.13/06.02.31/2 and Medium Enterprises -
2.3
021-22 Addition of Retail and
Wholesale Trade
5 FIDD.CO.Plan.BC.5/04.09. September 4, 2020 Priority Sector Lending -
3.1
01/2020-21 Targets and Classification
6 FIDD.MSME & NFS. BC. August 21, 2020 New Definition of Micro, Small
No. 4/06.02.31/2020-21 and Medium Enterprises –
clarifications 2.1-2.2
7 FIDD.MSME & July 2, 2020 Credit flow to Micro, Small and 2.4-2.7
NFS.BC.No.3/06.02.31/20 Medium Enterprises Sector
20-21
8 FIDD.MSME & NFS. BC. July 13, 2017 Investment in plant and
No. 10/06.02.31/2017-18 machinery for the purpose of
classification as Micro, Small 2.1
and Medium Enterprises –
documents to be relied upon
9 FIDD.FLC.BC.No.22/12.01 March 2, 2017 Financial Literacy by FLCs
.018/2016-17 (Financial Literacy Centres)
5.4
and rural branches - Policy
Review
10 FIDD.MSME&NFS.BC.No. March 17, 2016 Framework for Revival and
21/06.02.31/2015-16 Rehabilitation of Micro, Small
4.6
and Medium Enterprises
(MSMEs)
11 FIDD.MSME&NFS.BC.No. August 27, 2015 Streamlining flow of credit to
60/06.02.31/2015-16 Micro and Small Enterprises
(MSEs) for facilitating timely 4.4
and adequate credit flow
during their ‘Life Cycle’
12 RPCD.MSME&NFS.BC.No May 9, 2013 Structured Mechanism for
.74/06.02.31/2012-13 monitoring the credit growth to 4.7
the MSE sector
13 RPCD.CO.MSME&NFS.B November 1, 2012 Guidelines for Rehabilitation
C.40/06.02.31/2012-2013 of Sick Micro and Small 4.6
Enterprises
14 RPCD.MSME&NFS.BC.No August 1, 2012 Micro and Small Enterprises 5.4

1
 .20/06.02.31/2012-13 Sector – The imperative of
Financial Literacy and
consultancy support
15 RPCD.MSME&NFS.BC.No January 4, 2012 Issue of Acknowledgement of
.53/06.02.31/2011-12 Loan Applications to MSME 4.7
borrowers
16 RPCD.SME&NFS.No.90/0 June 29, 2010 Recommendations of the
6.02.31/2009-10 Prime Minister’s High Level 3.2, 6.5
Task Force on MSMEs
17 RPCD.SME&NFS.BC.No.7 May 6, 2010 Working Group to Review the
9/06.02.31/2009-10 Credit Guarantee Scheme for
Micro and Small Enterprises 6.6
(MSEs) - Collateral free loans
to MSEs
18 RPCD.SME&NFS.No.9470 March 11, 2010 Sanction of Composite Loans
/06.02.31 (P)/2009-10 to the Micro and Small 4.2
Enterprises (MSE) sector
19 RPCD.SME&NFS.No.1365 June 18, 2009 Collateral free loans to the
4.1
7/06.02.31(P)/2008-09 units financed under PMEGP
20 RPCD.SME&NFS.BC.No.1 May 4, 2009 Credit delivery to the Micro
6.4
02/06.04.01/2008-09 and Small Enterprises Sector
21 RPCD,SME&NFS.No.1237 May 23, 2008 Credit Linked Capital Subsidy
2/06.02.31(P)/2007-08 Scheme
22 RPCD.PLNFS.BC.No.63/0 April 4, 2007 Credit flow to Micro, Small and
6.02.31/2006-07 Medium Enterprises Sector –
Enactment of the Micro, Small
and Medium Enterprises 5.6
Development (MSMED), Act
2006
23 RPCD.PLNFS.BC.28/06.0 September 4, 2004 Working Group on Flow of 6.3
2.31(WG)/ 2004-05 Credit to SSI sector
26 RPCD.PLNFS.BC.39/06.0 November 3, 2003 Credit facilities for SSIs – 4.1
2.80/2003-04 Collateral Free Loans

25 DBOD.No.BL.BC.74/22.01. March 11, 2002 Conversion of General 5.1

001/2002 Banking Branches to
Specialised SSI Branches
26 RPCD.No.PLNFS.BC.61/0 March 2, 2001 Implementation of Nayak 6.2
6.0262/2000-01 Committee
Recommendations-Progress
made by banks-Study of
specialized SSI branches
27 IECD.No.5/08.12.01/2000- October 16, 2000 Flow of Credit to SSI Sector- 5.6
01 Decision of the Group of
Ministers
28 RPCD.No.PLNFS.BC.22/0 August 28, 1998 High Level Committee on SSI- 6.1
6.02.31(ii) -98/99 Kapur Committee-
Implementation of
recommendations