The season for the Rice-Shelling Units varies from place to place depending upon the arrival of paddy of different types/varieties.
Keeping in view the above, we have to provide flexibility in the timing of granting credit facilities and its liquidation. Accordingly, the outstanding in working capital limits sanctioned to Rice-Shelling Units are to be liquidated to the extent of 50% at the end of the 9th month from the date the facility has been allowed in the new season. The policy in regard to the period of sanction shall remain unchanged, however, between the 9th month and the 11th month from the date the facility has been allowed, the drawings power (DP) shall be permitted only against prime security of finished goods, by-products and bardana (packing material).
The quantity of bardana and by-products taken for calculation of drawing power should be of reasonable level. The facility shall be liquidated to the extent of 100% at the end of 11th month from the date the facility has been allowed.