TITLE: India's Reserve Bank Amends Non-Banking Financial Companies Directions to Include AgriSURE Programme
BODY:
On April 27, 2026, the Reserve Bank of India (RBI) issued amendment directions to the Reserve Bank of India (Non-Banking Financial Companies – Undertaking of Financial Services) Directions, 2025. The amendment modifies Annex I of the existing directions by adding "AgriSURE - Agri Fund for Start Ups & Rural Enterprises" as a recognised undertaking of financial services.
The RBI exercised its powers under Sections 45JA, 45K, 45L, and 45M of the Reserve Bank of India Act, 1934, Section 3 read with Section 31A and Section 6 of the Factoring Regulation Act, 2011, and Sections 30, 30A, 32, and 33 of the National Housing Bank (NHB) Act to issue the amendment. The RBI determined that the amendment was necessary and expedient in the public interest.
AgriSURE is now formally recognised as an eligible financial services undertaking that non-banking financial companies may engage with or facilitate. The amendment came into force with immediate effect from April 27, 2026. The directive was issued by Vaibhav Chaturvedi, Chief General Manager at the RBI, under reference RBI/2026-27/17 DOR.STR.REC.22/21-04-048/2026-27.
REFERENCE:
Reserve Bank of India. (2026). Reserve Bank of India (Non-Banking Financial Companies – Undertaking of Financial Services) – Amendment Directions, 2026. Available at: https://www.rbi.org.in/