The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the amendments in the Regional Rural Banks (RRBs) Act, 1976 to enhance authorized and issued capital to strengthen their capital base and to bring flexibility in the shareholding between Central Government, State Government and Sponsor Bank. The term of the non-official directors appointed by the Central Government will be fixed not exceeding three years.
The amendments will ensure financial stability of RRBs which will enable them to play a greater role in financial inclusion and meeting credit requirements of rural areas and the Board of RRBs will be strengthened.
Background:
Regional Rural Banks were established under Regional Rural Banks Act, 1976 (the RRB Act) to create an alternative channel to the cooperative credit structure and to ensure sufficient institutional credit for the rural and agriculture sector. RRBs are jointly owned by Government of India, the concerned State Government and Sponsor Banks with the issued capital shared in the proportion of 50 percent, 15 percent and 35 percent respectively. As per provisions of the Regional Rural Banks Act, 1976 the authorized capital of each RRB is Rs. five crore and the issued capital is maximum Rs one crore.
Published By : Admin |
December 2, 2014 | 20:20 IST
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Somnath Swabhiman Parv: “Feeling blessed to be in Somnath, a proud symbol of our civilisational courage,” says PM Modi
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સોશિયલ મીડિયા કોર્નર 11 જાન્યુઆરી 2026
January 11, 2026
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Dharma-Driven Development: Celebrating PM Modi's Legacy in Tradition and Transformation
Truly inspiring to witness a beautiful blend of faith & progress 🇮🇳 PM @narendramodi’s presence at the Somnath Swabhiman Parv highlighted our cultural pride and technological achievements, celebrating both tradition and modern India’s spirit of innovation. https://t.co/DRgPWLywPi
— SIDDHANT GAUTAM (@Siddhant911g) January 11, 2026
Thank you PM @narendramodi for your constant focus on the well-being of women & children 🇮🇳
— Niharika Mehta (@NiharikaMe66357) January 10, 2026
The launch of #PANKHUDI shows a caring and thoughtful approach using technology to bring people together & ensure better support, protection and opportunities for women and children. pic.twitter.com/k2dEPMT2zR
With leadership rooted in Dharma,Bharat surges in strength.
— 🇮🇳 Sangitha Varier 🚩 (@VarierSangitha) January 11, 2026
Our heritage preserved,presented to world with dignity,modern excellence,under visionary leadership of Hon #PM @narendramodi Ji #SomnathSwabhimanParv is powerful symbol of Bharat’s faith,resilience &civilizational pride pic.twitter.com/T3Oew6D5yT
With PM @narendramodi’s clear focus on farmers and rural India, agriculture is emerging as a real growth engine for the nation. When farmers progress, the country moves forward this is the spirit of a truly #ViksitBharat. https://t.co/RteGAg2RoU
— Chandani (@Chandani_ya) January 11, 2026
Undre d leadership of PM Modi, his vision of Green, renewable future is on d positive path. 2025 marks record breaking yr in CleanEnergy. Registers 22.6% rise in RE capacity to 266.78GW, with an addition of 49.12 GW. Solar capacity reaches 135.81GW. Wind at 54.51 GW.@JoshiParlhad pic.twitter.com/apMaB9Bz3J
— Rukmani Varma 🇮🇳 (@pointponder) January 11, 2026
सर, सोमनाथ स्वाभिमान पर्व पर आस्था और आधुनिक तकनीक का यह अद्भुत संगम भारत की सांस्कृतिक शक्ति का विश्व को संदेश है। आपकी दृष्टि से हमारी विरासत गर्व और गौरव के साथ आगे बढ़ रही है।
— Kishor Jangid (@ikishorjangid) January 11, 2026
जय सोमनाथ! 🔱#SomnathSwabhimanParv pic.twitter.com/jvnMhwnf0p
A truly profound & inspiring moment at Somnath. PM @narendramodi’s participation in the 72-hour ‘Aum’ chanting at the sacred Somnath Temple reflects deep faith, spiritual strength & a timeless connect with India’s heritage. A moment that touched many hearts.#SomnathSwabhimanParv pic.twitter.com/kIWi5mQja4
— Prerna Sharma (@PrernaS99946384) January 11, 2026
PM Shri @narendramodi Ji offers Pooja at Somnath Temple, a leader engaging directly with India’s living civilisational heritage.#SomnathSwabhimanParv stands as a celebration of continuity, faith, and traditions that endured centuries of disruption without losing their essence. pic.twitter.com/XALzmABAZS
— Siddaram (@Siddaram_vg) January 11, 2026
Vande Bharat Sleeper is transforming India’s travel experience…🚄
— Zahid Patka (Modi Ka Parivar) (@zahidpatka) January 11, 2026
India’s 1st Vande Bharat Sleeper train to run at speeds up to 130 kmph on Howrah-Guwahati route
PM @narendramodi Ji Govt #TransformingNorthEastIndia to offer faster, safer travelhttps://t.co/xVex2MakOW@PMOIndia pic.twitter.com/RxQbERNVao
Posted via www.narendramodi.in