The National Bank for Agriculture and Rural Development (NABARD) on September 25, 2023, issued a corrigendum in the Master Circular on Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) & Interest Subvention Scheme for Women SHGs under DAYNRLM for the Year 2022-23.
The modifications made in clauses (xii), (xiii) and (xiv) of Annexure II of the above-mentioned circular are as stated:
(xii) In order to avail the interest subvention on credit upto₹3 lakh extended to women SHGs under DAY-NRLM @ 7% as well as on credit above ₹3 lakhs and up to ₹5 lakh extended to SHGs, all banks are required to submit claim certificates on a quarterly basis (i.e. as on 30 June 2022, 30 September 2022, 31 December 2022 and 31 March 2023) to the respective Regional Offices of NABARD. The claims submitted by any bank should be accompanied by a claim certificate (in original) certifying the claims for subvention as true and correct. The claims of any bank for the quarter ending March 2023 may be submitted without a Statutory Auditor’s Certificate. However, banks are required to submit the Statutory Auditor’s certificate for the entire financial year i.e. FY 2022-23 latest by January 31, 2024.
(xiii) The format of the claims certificates shall be as per Annex VI & VII. All claims pertaining to FY 2022-23 should be submitted by banks latest by January 31, 2024, duly certified by the Statutory Auditor.
(xiv) Any remaining claims pertaining to the disbursements made during the year 2022- 23 and not included during the year, may be consolidated separately and marked as an 'Additional Claim' and submitted to the respective Regional Office of NABARD latest by January 31, 2024, duly certified by Statutory Auditors.
[Circular No. 207/ MCID-07 / 2023]
