Please
refer to Annexure-C of BID Circular No.3 of 1989 regarding
Guidelines for classification of Seasonal Advances. It is
advised that agricultural seasonal & production loans
shall be treated at par with short-term commercial loan
for the purpose of classification. Accordingly classification
& provisioning requirements relating thereto may be
made as per criteria laid down in Prudential Regulation-VIII
for short-term loans. However, banks should continue to
report party-wise details of such classified loans on Performa
No.9 to 12 in their annual return of loan classification
being submitted to Banking Inspection Department.
Please acknowledge receipt