What changed
The Reserve Bank of India has updated its 2025 Directions for Rural Co-operative Banks by inserting a new entry into Annex I. The addition is 'AgriSURE - Agri Fund for Start Ups & Rural Enterprises', expanding the list of financial services these banks can undertake. The amendment is effective from the date of the circular, April 27, 2026.
What it means for you
Rural Co-operative Banks can now formally offer or facilitate the AgriSURE fund, which supports startups and rural enterprises. This opens a new avenue for these banks to engage with agri-tech and rural innovation financing. Lenders should update their product and service documentation to reflect this addition.
What you must do
- Update internal policy documents and Annex I references to include AgriSURE as a permissible service.
- Train relationship managers and credit officers on the scope of AgriSURE fund services.
- Review existing product offerings to identify opportunities for collaboration with AgriSURE.
- Ensure compliance with any separate RBI guidelines on fund-based services for RCBs.
Who it affects
Rural Co-operative Banks
What is AgriSURE?
AgriSURE stands for 'Agri Fund for Start Ups & Rural Enterprises'. It is a fund that supports agricultural startups and rural enterprises, now added to the list of financial services Rural Co-operative Banks can undertake.
When does this amendment take effect?
The amendment comes into force with immediate effect from April 27, 2026, the date of the RBI circular.
Do RCBs need to seek separate approval to offer AgriSURE services?
The amendment adds AgriSURE to Annex I of the existing Directions, so it is now a permitted activity. However, banks should ensure they meet any general eligibility conditions under the Directions.