TABLE 3.6
Selective Credit Controls on Bank Advances
(Per cent)
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Effective July 2, 1996 Effective October 21, 1996
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Minimum Margins Level of Minimum Margins
-------------------------- Credit ------------------------
Mills/ Others Warehouse ceiling Mills/ Others Warehouse
processing receipts 1994-95 processing receipts
units (Nov.-Oct.) units
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1. Pulses 45 60 45 100 ____________Exempt ________
2. Other foodgrains(other than paddy/
rice ,wheat and pulses) 30 45 30 100 ____________Exempt ________
3. Oilseeds (Viz. groundnut, rapeseed/
mustard, cottonseed, linseed,
castorseed and all imported oilseeds) 45 60 45 100 ____________Exempt ________
4. Vegetable oils (viz. groundnut oil,
rapeseed/mustard oil, cottonseed
oil, linseed oil, castor oil
vanaspati and all imported oils) 45* 60 45 100 ____________Exempt ________
5. Sugar
a) Buffer stock 0 — — 0 — Exempt________
b) Unreleased stock 20 — — 15 — Exempt________
c) Released stock 45 45 30 ____________Exempt________
6. Gur and khandsari 30 45 30 ____________Exempt________
7. Cotton and kapas Exempt 30 30 110** ____________Exempt________
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— Not applicable
* Applicable to registered oil mills and Vanaspati manufacturers.
** Applicable to other than cotton mills including spinning mills.
From the database of Ministry of Finance disseminated on Internet through NICNET