Monitoring and facilitating flow of credit to rural, agricultural and small scale industries' sectors
Framing policies on priority sector lending
Making allocations for contribution to Rural Infrastructure Development Fund (RIDF) amongst scheduled commercial banks
Implementing and monitoring Lead Bank Scheme which aims at forging a co-ordinated approach for providing bank credit to achieve overall rural development.
Giving financial and policy support to NABARD
Overseeing setting up of Local Area Banks : local banks which can be set up with initial capital of Rs. 5 crore for serving two or three contiguous districts
Acting as regulators for Regional Rural Banks, State/Central Co-operative Banks and Local Area Banks
Monitoring implementation of Government-sponsored poverty alleviation schemes
Implementation of Banking Ombudsman Scheme : A scheme set up by the Reserve Bank of India to give members of public an easy and inexpensive forum for redressal of their grievances against banks.
