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Recapitalisation Scheme for RRBs extended up to 2019-20

Published: Aug 11, 2018

By TIOLCORPLAWS News Service

NEW DELHI, AUGUST 11, 2018: The MoS for Finance Mr Shiv Pratap Shukla had stated in Parliament that the scheme for recapitalisation of Regional Rural Banks (RRBs) started in FY 2010-11 and was subsequently extended upto March 31, 2017. Recently the Govt had approved extension of the scheme of recapitalisation of RRBs for further period of three years upto 2019-20. Under the scheme, recapitalization support is provided to RRBs to maintain minimum prescribed CRAR level of 9%.

A strong capital structure and minimum required level of CRAR would ensure financial stability of RRBs which would enable them to play a greater role in financial inclusion and meeting the credit requirements of rural areas, he stated. It would enable RRBs to provide credit and other facilities especially to the small and marginal farmers, agricultural labourers, artisans and small entrepreneurs in rural areas for development of agriculture and other productive activities.

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