<h1>Cabinet Extends Recapitalization Scheme for Regional Rural Banks to 2016-17, Aims for 9% CRAR Minimum.</h1> The Union Cabinet, led by the Prime Minister, approved the extension of the recapitalization scheme for weak Regional Rural Banks (RRBs) until 2016-17. This initiative aims to help RRBs achieve the minimum Capital to Risk Weighted Assets Ratio (CRAR) of 9 percent, ensuring their financial stability and enhancing their role in financial inclusion and rural credit. Currently, there is a budget provision of Rs. 15 crore for this purpose, with additional funds to be requested as needed. RRBs, established under the Regional Rural Banks Act of 1976, are jointly owned by the Government of India, state governments, and sponsor banks.