Union Cabinet has approved capital infusion of 632 crore rupees in some Regional Rural Banks to improve their capital to risk waited assets ratio. The Cabinet approved 50 percent share of the Central government and also decided to extend the scheme of capitalization of weak Regional Rural Banks by another two years. 

An official release said that all State governments have not contributed their share of capital to these banks. Deputy Governor, RBI Dr. Chakraborty recommended infusion of 1 thousand 1 hundred crore rupees in 40 Regional Rural Banks. 50 percent amount was to be provided by the Centre, 15 percent by the concerned state, and 35 percent by the respective bank. 


The Cabinet also approved setting up of an autonomous organization North-East centre for Technology Application and Reach at an estimated cost of 292 crore rupees. The Centre to be set up at Shillong will be completed in 12th Plan period. 

The objective of the centre is to promote deployment of carefully selected technologies emanating from the public funded research institutions under the government