RBI/2007- 2008/197
DBOD No. BP. BC.52/ 21.04.048/2007- 08
November 30, 2007
All Commercial Banks
(excluding RRBs and LABs) and
Select All India Financial Institutions (AIFIs)
(NHB, NABARD, EXIM Bank, SIDBI, TFCI Ltd., IFCI Ltd., IIBI Ltd.)
Dear
Sir,
Financing of Infrastructure by the banks and Financial
Institutions -
Definition of 'infrastructure lending'
Please refer to our Circular DBOD.No.BP.BC.92/21.04.048/2003-04
dated June 16,2004, defining the scope of 'infrastructure
lending'.
2. It
has been decided to expand, with immediate effect, the scope of
the definition of 'infrastructure lending', to include the credit
facilities sanctioned by the banks and the select (AIFIs) for
projects involving laying down and/or maintenance of gas/crude
oil/petroleum pipelines, in view of the importance of pipelines in
the industrial development of the country.
3.
The revised definition of 'infrastructure lending' is furnished in
the
Annex.
Yours
faithfully,
(Prashant
Saran)
Chief General Manager-in-Charge
Annex
Infrastructure
lending and the list of items included under infrastructure sector
Any credit
facility in whatever form extended by lenders (i.e. banks, FIs or
NBFCs) to an infrastructure facility as specified below falls
within the definition of 'infrastructure lending'. In other words,
a credit facility provided to a borrower company engaged in:
* developing
or
* operating
and maintaining, or
*
developing, operating and maintaining any infrastructure facility
that is a project among others specified in the annexure would
also include
i. a road,
including toll road, a bridge or a rail system;
ii. a highway
project including other activities being an integral part of the
highway project;
iii. a port,
airport, inland waterway or inland port;
iv. a water
supply project, irrigation project, water treatment system,
sanitation and sewerage system or solid waste management system;
v. telecommunication services whether basic or cellular,
including radio paging, domestic satellite service (i.e., a
satellite owned and operated by an Indian company for providing
telecommunication service), network of trunking, broadband network
and internet services;
vi. an
industrial park or special economic zone;
vii. generation or generation and distribution of power
viii. transmission or distribution of power by laying a network of
new transmission or distribution lines.
ix. construction relating to projects involving agro-processing
and supply of inputs to agriculture;
x. construction
for preservation and storage of processed agro-products,
perishable goods such as fruits, vegetables and flowers including
testing facilities for quality;
xi construction
of educational institutions and hospitals.
xii. laying down and/or maintenance of gas, crude oil and
petroleum pipelines
xiii. any
other infrastructure facility of similar nature.
