Reserve Bank of India has harmonised the definition of infrastructure lending for financing by banks and financial institutions to avoid confusion.
The definition has been aligned with the master list of Infrastructure sub-sectors’ notified by the Government on March 27, 2012.
The revised definition will be effective from the date of this circular, RBI said in statement. The exposure to projects included under old definition but are excluded from the revised definition, will continue to get benefits under ‘infrastructure lending’ till the completion of the projects. However, fresh lending to those sub-sectors will not qualify as ‘infrastructure lending’.
