Definition of smc as per accounting standards

Dear Parnika,

The term borrowing is not defined in accounting standards as well as on guidance note to terms used in financial statements.

Thus I think we can understand this term based on the usage of the terminology borrowing in Schedule VI.

In my view out of the items listed by you apart from LC and BG all other items will be considered as borrowings. 

You should consider only the utlized amount for computation of borrowing and not the sanctioned amount.

Thanks :-)