Circulars

Support from Financial Inclusion Fund- Scheme for opening Kiosk Outlets in unbanked villages of North Eastern States (NER States)
 
1.  With reference to our circular no. 73 dated 22 March 2019 on the captioned subject (copy enclosed for ready reference) addressed to the scheduled Commercial Banks and Regional Rural Banks, the scheme is now extended to Rural Cooperative Banks in North- Eastern States based on the decision taken by Advisory Board in the XXVII meeting held on 09 December 2020. The support will continue to be available towards capital cost for setting up of kiosk outlets to facilitate BC operations with installation of micro ATM, computer/ laptop, furniture, etc. 
 
2. In view of the differentiated approach adopted since April 2019, with more focus on backward districts, which includes all the districts in North Eastern States, termed as the Special Focus Districts (SFDs), the support stands revised to 90% of the actual cost, uniformly across all agencies (SCBs, RRBs & RCBs) or ₹68000/- per unit, whichever is less. 
 
3. The revised support will be applicable from the date of issue of this circular. Wherever, banks (Scheduled Commercial Bank and Regional Rural Banks) have already submitted their claims, the same may be settled as per the old rates and the case may be treated as closed.
 
4. Banks may open the kiosk outlets and submit their application for financial support for each State to our respective Regional Offices under whose jurisdiction the State falls, as per format in Annexure-I. The terms and conditions of the support are given in Annexure II. The grant support will be provided on reimbursement basis. 

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