This course explains Policy Change Impact Assessment and how the impact of policy changes on credit exposures and decisions is identified, evaluated, and governed within Agri & Rural Commercial Credit. It covers the key dimensions of product circulars, PSL rules, sector risk, and collateral evaluation, emphasizing the need for structured assessment, clear boundary definition, and independent validation before credit decisions are finalized. The course also distinguishes Policy Change Impact Assessment from operational procedure design, and highlights its role within Policy, Program & Compliance Application, including limit setting, exception handling, and escalation to credit committees.