The finance minister reviewed the efficiency of 10 RRBs of the southern area, together with Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Telangana and Puducherry. She directed them to extend their share in ground-level agriculture credit score disbursement with particular give attention to allied agriculture actions like dairy, animal husbandry, and fisheries, the finance ministry stated in an announcement.
Sitharaman acknowledged the position of RRBs in supporting the agricultural financial system, and strengthened the necessity for RRBs within the southern area to mobilise CASA deposits to additional speed up the tempo of sustainable credit score development.
She additionally directed sponsor banks to remodel the targets of monetary inclusion schemes together with RRBs and requested banks to launch particular drives to operationalise inoperative accounts underneath PM Jan Dhan Yojana, the assertion famous.
“Particular emphasis was positioned on reinforcing credit score help to MSMEs and streamlining buyer onboarding processes by digital improvements,” it stated, including that RRBs within the southern area have posted consolidated revenue of ₹3,816 crore throughout FY24, which is greater than 50% of internet consolidated revenue of all RRBs mixed.
