RBI sets up Panel for deeper penetration of Rural credit

August 11, 2012

The Reserve Bank of India set up a panel to recommend ways to strengthen the rural co-operative credit structure.

Head of the committee: NABARD Chairman Prakash Bakshi,

Focus:

Review the existing Short-Term Co-operative Credit Structure (STCCS)
Finding structural constraints in the rural credit delivery system
Device methods to enhance the rural co-operative credit architecture
In-depth examination of the STCCS
Analyse alternatives to cut the cost of credit
Test the possibility of establishment of a two-tier STCCS as against the existing three-tier structure.
The STCCS provides credit to the small and marginal farmers in the country.