RBI/2006/155
UBD.PCB.Cir.No.17/ 09.09.001 /2006-07
October 17, 2006
The Chief Executive Officers of
All Primary (Urban) Co-operative Banks
Dear Sir/ Madam,
Prime Minister's 15 Point Programme for the
Welfare of Minorities -UCBs
Please refer to our Circular UBD.CO.BPD. No.
52/ 09.09.001/ 2002-03 dated June 13, 2003. In this connection, Government of
India have recently finalised a new 'Prime Minister's 15- Point Programme for
the Welfare of Minorities'. An important objective of the aforesaid Programme
is to ensure that an appropriate percentage of the priority sector lending is
targeted for the minority communities and that the benefits of various Government
sponsored schemes reach the under-privileged, which includes the disadvantaged
sections of the minority communities. You may, therefore, issue necessary instructions
to your branches advising them to ensure that within the overall target for
priority sector lending and the sub- target of 25 per cent for the weaker sections,
sufficient care is taken to ensure that the minority communities also receive
an equitable portion of the credit.
2. Please acknowledge receipt to the Regional
Office concerned of RBI.
Yours faithfully,
( N. S. Vishwanathan)
Chief General Manager-in-Charge