ABCDEFG of Indradhanush Mission
Q. Which of the following statements is/are correct about ABCDEFG of Indradhanush Mission?
1. Setting up of Bank Board Bureau (BBB) for broad-level appointments is one of the goal of Indradhanush Mission.
2. Under this program, The government will inject a total of Rs 25,000 crore of capital into debt-laden state banks in this fiscal.- Published on 23 Oct 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Both
- It will infuse 25,000 crore rupees of capital into debt-laden banks in this fiscal in phased manner.
- Out of this 20,000 crore rupees would be injected in August 2015.
Rest 5,000 crore rupees will be performance based allocation to be allocated in the last quarter of 2016.
- Bank Board Bureau (BBB) that will give way to holding company to which the Center will transfer it ownership of all these banks.
- The BBB will be headed by a Chairman and will comprise six other members — three government officials and three experts, two of which will be from the private sector.
