DRI Advances

• As per RBI guidelines for lending under DRI Scheme, banks are required to grant loans at concessional rate of interest 4% p.a. to the eligible beneficiaries.
• Ceiling of family income of the borrower per annum in rural and urban should be Rs18000 and Rs.24000 respectively.
• Only to the borrowers who are not assisted under any subsidy linked schemes of Government.
• Limit Rs.15000. For Housing loan Rs.20000 per beneficiary.
• The loans to be granted under the scheme should be not less than 1% of total advances.
• Not less than 40% of total DRI advances should be granted to borrowers belonging to SC/ST communities and 2/3 rd of DRI advances shall be granted through rural and semi-urban area branches.
• Loans granted to Institutions/organizations for the purpose of their onward lending to beneficiaries eligible for coverage under DRI Scheme shall be covered under DRI advances of the bank.
• Bank is required to lend 1% of total outstanding advances as at the end of previous year under DRI Scheme. Further 2/3rd of advances should be routed through rural and semi urban branches.