Mumbai, Nov 11 (PTI) The Maharashtra cabinet on Tuesday approved a share capital of Rs 827 crore for three district banks in Nashik, Nagpur, and Dharashiv to strengthen their financial position and ensure smooth rural credit flow.

Apart from granting financial assistance to cooperative banks, the cabinet also approved the strengthening of judicial security and clearance for irrigation projects in Hingoli district in a meeting chaired by Chief Minister Devendra Fadnavis.

Of the Rs 827 crore approved as the government share capital, Rs 672 crore will go to Nashik district central cooperative bank, Rs 81 crore to Nagpur bank, and Rs 74 crore to Dharashiv bank. The decision follows recommendations from the Reserve Bank regarding recapitalisation and revival of these banks, according to a sta

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