Financing of Infrastructure - Definition of 'Infrastructure Lending'

RBI/2012-13/561
DBOD.BP.BC.No. 106/ 08.12.014 / 2012-13

June 28, 2013

All Scheduled Commercial Banks

(excluding RRBs) and

All India Term-Lending and Refinancing Institutions

(EXIM Bank, NABARD, NHB and SIDBI)

Dear Sir,

Financing of Infrastructure - Definition of 'Infrastructure Lending'

Please refer to our circular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012 on ‘Definition of Infrastructure Lending’, whereby our definition of Infrastructure Lending was harmonised with that of the ‘Master List of Infrastructure sub-sectors’ notified by the Government of India on March 27, 2012.

2. Government of India, vide its Gazette Notifications dated April 5, 2013 and May 9, 2013, has updated the Harmonised Master List of Infrastructure sub-sectors and added the following new sub-sectors to the Notification dated March 27, 2012:

      i.        Capital Dredging, under the sub-sector ‘Ports’.

     ii.        Slurry Pipelines

    iii.        Telecommunication & Telecom Services

3. Accordingly, an updated list of sub-sectors for infrastructure lending by banks and select All India Term-Lending and Refinancing Institutions is given in the Annex.

Yours faithfully,

(Chandan Sinha)
Principal Chief General Manager

Annex

List of sub-sectors for ‘Infrastructure Lending’

A credit facility extended by lenders (i.e. banks and select All India Term-Lending and Refinancing Institutions) to a borrower for exposure in the following infrastructure sub-sectors will qualify as ‘infrastructure lending’:

1.     Includes Capital Dredging

2. Includes supporting terminal infrastructure such as loading/unloading terminals, stations and buildings

3. Includes strategic storage of crude oil

4. Includes city gas distribution network

5. Includes optic fibre/cable networks which provide broadband / internet

6. Includes Medical Colleges, Para Medical Training Institutes and Diagnostics Centres

7. Includes cold room facility for farm level pre-cooling, for preservation or storage of agriculture and allied produce, marine products and meat.