RBI Notification on Financing of Infrastructure – Definition of ‘Infrastructure Lending’

RBI/2013-14/172
DNBS.PD.CC.No. 354/03.10.001/2013-14

August 02, 2013

All NBFCs

Dear Sir / Madam,

Financing of Infrastructure – Definition of ‘Infrastructure Lending’

Government of India, vide its Gazette Notifications dated April 5, 2013 and May 9, 2013, has updated the Harmonised Master List of Infrastructure sub-sectors and added the following new sub-sectors to the Notification dated March 27, 2012:

1. Capital Dredging, under the sub-sector ˜Ports™.
2. Slurry Pipelines
3. Telecommunication & Telecom Services

2. Accordingly, the extant definition of infrastructure loan given in the NBFC Prudential Norms Directions, 2007 stands amended with immediate effect. The revised definition of ‘infrastructure loan’ is given in the Annex to this circular. Also please find enclosedthe amending notification of date for meticulous compliance.

Yours faithfully,

(C. R. Samyuktha)
Chief General Manager

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Annex
List of sub-sectors for ˜Infrastructure Lending™

“Infrastructure loan” means a credit facility extended by NBFCs to a borrower for exposure in the following infrastructure sub-sectors:

Sr. No.	Category	Infrastructure sub-sectors
1.	Transport	i	Roads and bridges
		ii	Ports1
		iii	Inland Waterways
		iv	Airport
		v	Railway Track, tunnels, viaducts, bridges2
		vi	Urban Public Transport (except rolling stock in case of urban road transport)
2.	Energy	i	Electricity Generation
		ii	Electricity Transmission
		iii	Electricity Distribution
		iv	Oil pipelines
		v	Oil / Gas / Liquefied Natural Gas (LNG) storage facility3
		vi	Gas pipelines4
3.	Water & Sanitation	i	Solid Waste Management
		ii	Water supply pipelines
		iii	Water treatment plants
		iv	Sewage collection, treatment and disposal system
		v	Irrigation (dams, channels, embankments etc)
		vi	Storm Water Drainage System
		vii	Slurry Pipelines
4.	Communication	i	Telecommunication (Fixed network)5
		ii	Telecommunication towers
		iii	Telecommunication & Telecom Services
5.	Social and Commercial Infrastructure	i	Education Institutions (capital stock)
		ii	Hospitals (capital stock)6
		iii	Three-star or higher category classified hotels located outside cities with population of more than 1 million
		iv	Common infrastructure for industrial parks, SEZ, tourism facilities and agriculture markets
		v	Fertilizer (Capital investment)
		vi	Post harvest storage infrastructure for agriculture and horticultural produce including cold storage
		vii	Terminal markets
		viii	Soil-testing laboratories
		ix	Cold Chain7
Notes 1. Includes Capital Dredging 2. Includes supporting terminal infrastructure such as loading / unloading terminals, stations and buildings 3. Includes strategic storage of crude oil 4. Includes city gas distribution network 5. Includes optic fibre / cable networks which provide broadband / internet 6. Includes Medical Colleges, Para Medical Training Institutes and Diagnostics Centres 7. Includes cold room facility for farm level pre-cooling, for preservation or storage of agriculture and allied produce, marine products and meat.