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of <h1>RBI Urges Banks to Set Up Special Cells for Monitoring Credit to SC/ST Beneficiaries as per Master Circular.</h1> The Reserve Bank of India (RBI) has reiterated its directive to all Indian Scheduled Commercial Banks to establish a Special Cell dedicated to monitoring credit flow to Scheduled Castes (SC) and Scheduled Tribes (ST) beneficiaries. This follows observations by the 15th Lok Sabha Committee on Welfare of SCs/STs that some banks have not yet implemented such measures. The RBI emphasizes compliance with the instructions outlined in the Master Circular on Priority Sector Lending to ensure proper credit facilities are extended to these communities.
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