<h1>Government's Indradhanush Plan: Boosting Public Sector Banks with Rs. 70,000 Crore and New Efficiency Measures.</h1> In August 2015, the government launched the Indradhanush Plan to enhance the operational and capital efficiency of Public Sector Banks (PSBs). This included setting Key Performance Indicators (KPIs) and offering cash incentives for meeting these KPIs. The government allocated Rs. 70,000 crore for capital infusion into PSBs until FY 19 to meet Basel III norms and permitted capital raising through FPO or QIP. Gross NPAs in PSBs increased from 9.83% in March 2016 to 12.23% in December 2016, attributed to global economic slowdown. Improvements in Debts Recovery Tribunals (DRTs) include digitization, infrastructure upgrades, procedural amendments, and the establishment of six new DRTs.