RBI sets up Panel for deeper penetration of Rural credit

RBI sets up Panel for deeper penetration of Rural credit

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.