Setting up of a Special Cell for SCs /STs in Scheduled Commercial Banks
INDIAN Scheduled Commercial Banks were advised to set up a Special Cell for monitoring the flow of credit to SC / ST beneficiaries.
The 15th Lok Sabha Committee on Welfare of Scheduled Castes / Scheduled Tribes during its recent visit to one of the Scheduled Commercial Banks, observed that there was no such Cell in that bank.
RBI has therefore, reiterated that all Indian Scheduled Commercial Banks should set up a Special Cell for SCs / STs, if they have already not done so and ensure that instructions issued by RBI regarding credit facilities to Scheduled Castes / Scheduled Tribes are implemented properly.