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    <title>Formation of National Rural Bank</title>
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    <description>Proposal for a National Rural Bank was considered but not pursued; instead the government pursued phased amalgamation of RRBs, provided recapitalization support to meet regulatory capital requirements, instituted periodic financial and performance reviews, and directed NABARD to deliver capacity building, policy support for human resources and grievance redressal through joint consultative mechanisms to strengthen RRB efficiency and rural credit flow.</description>
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