Please refer to our letter no. CGTMSE/ (44)/892 dated November 03, 2015 (Circular No. 99/2015-16) on the above subject (available on www.cgtmse.in) wherein, inter alia, we had indicated that the Average Base Rate (ABR) applicable to all MLI-RRBs for FY 16-17 shall be advised to you separately. In this connection we advise that the ABR for FY 2016-17 shall be 9.52% p.a. The ABR for FY 2016-17 would be applicable for all loans/credit facilities sanctioned/renewed by MLI - RRBs on or after September 01, 2016 and proposed to be covered under Credit Guarantee Scheme of CGTMSE. The annual interest that can be levied on the loans/ credit facilities sanctioned/renewed by MLI - RRBs and proposed to be covered under CGS of CGTMSE should not therefore be more than 4% p.a. over applicable ABR for F.Y. 2016-17 in which loan/credit facility has been sanctioned to the eligible MSE borrowers. Please note that the ABR of 9.52% p.a. for the FY 2016-17 would remain valid till the ABR for subsequent FY is advised to MLI-RRBs by us.