As per the Second Quarter Review of Monetary Policy 2012-13 under paragraphs 110 and 111 (extract enclosed) announced on October 30, 2012 on
‘Definition of Infrastructure Lending’ , it has been decided to harmonise the definition of ‘infrastructure lending for the purpose of financing of infrastructure by the banks and Financial Institutions’ with that of the Master List of Infrastructure sub-sectors’ notified by the Government of India on March 27, 2012.
The revised definition of ‘infrastructure lending’ will be effective from the date of this circular. The exposure of banks to projects under sub -sectors which were included under our previous definition of infrastructure, but not included under the revised definition, will continue to get the benefits under ‘infrastructure lending’ for such exposures till the completion of the projects. However, any fresh lending to those sub-sectors from the date of this circular will not qualify as ‘infrastructure lending’.
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