<h1>India Allocates Rs. 70,000 Crores for Public Sector Banks Capital Infusion Under Indradhanush Plan (2016-2019.</h1> The Government of India has allocated Rs. 70,000 crores for capital infusion into Public Sector Banks (PSBs) under the Indradhanush Plan for the fiscal years 2016 to 2019. The distribution is as follows: Rs. 25,000 crores each for 2015-16 and 2016-17, and Rs. 10,000 crores each for 2017-18 and 2018-19. As of now, Rs. 47,915 crores have been infused into PSBs during 2015-16 and 2016-17, based on growth and compliance assessments. This information was provided by a government official in a written response to the Rajya Sabha.