The Reserve Bank issued guidelines to banks on recovery of dues from poultry units, which have been hit hard following the avian influenza outbreak in some parts of the country. | |
| "Principal and interest due on working capital loans as also instalments and interest on term loans which have fallen due for payment on/after the onset of bird flu, that is February one and remaining unpaid may be converted into term loans," an RBI release said. |
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| The converted loans could be recovered in instalments based on projected future inflows over a period up to three years with an initial moratorium of up to one year. |
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| The release said that remaining portion of term loan could be rescheduled with a moratorium period of up to one year depending upon the cash flow generating capacity of the unit. |
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