What changed
RBI has released a list of 121 Minority Concentrated Districts identified by the Government of India. UCBs must now specially monitor credit flow to minorities in these districts to ensure equitable priority sector credit distribution.
What it means for you
UCBs need to align their priority sector lending targets and project locations with these 121 districts. This ensures minority communities receive a fair share of credit, supporting the Prime Minister's 15 Point Programme for Minority Welfare.
What you must do
- Issue instructions to controlling and branch offices to monitor credit flow to minorities in the 121 listed districts.
- Ensure equitable priority sector credit distribution to minority communities in these districts.
- Incorporate these districts into your priority sector target earmarking and development project planning.
- Acknowledge receipt of this circular to your respective RBI Regional Office.
Who it affects
All Primary (Urban) Co-operative Banks, Controlling offices and branch offices of UCBs, Minority communities in the 121 identified districts
What is the purpose of this circular?
To ensure that minority communities in 121 identified districts receive equitable credit under the priority sector, as part of the Prime Minister's 15 Point Programme for the Welfare of Minorities.
How many districts are listed and who identified them?
The list includes 121 Minority Concentrated Districts, identified by the Government of India.
What action is required from UCBs?
UCBs must instruct their offices to monitor credit flow to minorities in these districts and ensure equitable priority sector credit distribution, including for target setting and project location.