BJP flays RBI directions to banks on minority schemes

via zeenews.com published on September 2, 2006

New Delhi, Sept 02: The BJP today opposed as “another Act of Minority appeasement by the ruling UPA” the RBI’s directions to all scheduled commercial banks to ensure that benefits of government-sponsored schemes reach the under-privileged, including disadvantaged sections of minority communities.

The RBI has asked banks to issue necessary instructions to their controlling offices and branch offices to ensure that within the overall target for priority sector lending and the sub-target of 10 per cent for the weaker sections, “sufficient care is taken to ensure that minority communities also receive an equitable portion of credit.”

“These directions are another act of minority appeasement. They show how the government’s attempts to impose its pseudo-secularist agenda on financial institutions,” BJP spokesman Prakash Javadekar told reporters here.

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