New Delhi, Feb. 6 -- Of these new measures, Malhotra said the first two pertain to raising the financial limits on unsecured loans and loans to nominal members by UCBs. "We also propose to remove the tenor and moratorium related requirements on housing loans given by Tier III and Tier IV UCBs," he added.

Further, to strengthen the managerial and technical capacity of the UCBs, "we shall launch Mission-SAKSHAM (Sahakari Bank Kshamta Nirman). The mission intends to train over 1.4 lakh participants from UCBs", he said.

Malhotra announced that NBFCs having no public funds and customer interface, with asset size not exceeding Rs.1000 crore, are proposed to be exempted from the requirement of registration.

"Moreover, it is proposed to dispen...