Which of the following statements about the Scheme for Recapitalisation of Regional Rural Banks is a...........

Economic Affairs Types of Banks and Banking

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Which of the following statements about the Scheme for Recapitalisation of Regional Rural Banks is/are correct?

1. The scheme has been launched in the Union Budget 2017-18.

2. The scheme will enable the RRBs to maintain minimum prescribed Capital to Risk Weighted Assets Ratio of 9%.

3. The scheme was in news as the scheme has now been extended to period 2020.

Select the correct answer using the codes given below

1 and 2

2 Only

2 and 3

1, 2 and 3

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Explanation:

Third option is correct.

The scheme of Recapitalization of RRBs was started in 2010-11 and was extended twice in the year 2012-13 and 2015-16. The last extension was upto March 2017. Total amount of Rs. 1107.20 crore, as Central Government share, out of Rs. 1450 crore, was released to RRBs upto March, 2017.

Union Cabinet has approved extension of scheme of recapitalization of Regional Rural Banks (RRBs) for next three years (upto 2019-20). This will enable RRBs to maintain minimum prescribed Capital to Risk Weighted Assets Ratio (CRAR) of 9%.