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Right to Information

Business Initiative Department

Information required to be published under Section 4 (1) (b) of the RTI Act

The proposals depending upon the complexities/ technicalities/amount are processed within the reasonable time frame for each credit product.

Sr. No Particulars Information
(i) Name & Address of the Department Business Initiatives Department
2nd floor, 'A' Wing
Plot C-24, 'G' Block
Bandra-Kurla Complex, Bandra (East)
Mumbai 400 051
Tel : (91) 022 68120018
Functions and Duties: 
The department deals with the following loan products:
1.  Direct Refinance Assistance to Cooperative Banks (DRA)  
2.  Short Term Credit Facility to Civil Supplies Corporations/ Marketing Federations/ Milk Unions (CFF)
3. Infrastructure Financing Assistance under NABARD Infrastructure Development Assistance (NIDA)
4. Financial Assistance under Dairy Processing & Infrastructure Development Fund (DIDF)
5. Financial Assistance to State Governments under Fisheries and Aquaculture Infrastructure Development Fund (FIDF)
6. Financial Assistance to State Governments under Rural Infrastructure Assistance to State Governments (RIAS)
(ii) The powers and duties of its officers and employees

Officers and employees in the department dealing with the loan products are engaged in appraisal, monitoring and review of the loan proposals and sanctions under the above mentioned products, as per the delegation of powers approved by the Board.
(iii) Procedure followed in the decision making process, including channels of supervision and accountability
The cases are initiated by the officers in Grades A/B/C level with necessary analysis, and are checked/supervised by officers at Grades D/E level.
Proposals under all the products are sanctioned as per Board approved Delegation of Powers.
(iv) Norms set by it for the discharge of its functions The proposals depending upon the complexities/ technicalities/amount are processed within the reasonable time frame for each credit product.
(v) Rules,regulations,instructions,manuals and records,held by it or under its control or used by its employees for discharging its functions. Each line of credit has a set of rules/instructions which are codified into manuals/operational guidelines/SOPs for internal reference.
(vi) A statement of the categories of documents that are held by it or under its control Project proposal formats/application formats/risk assessment tools and financial assessment methodologies
(vii) Particulars of any arrangement that exists for consultation with or representation by the members of the public in relation to the formulation of its policy or implementation thereof -   Not applicable -
(viii) A statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public - Not applicable -
(ix) A directory of its officers and employees Directory of its Officers and Employees
(x) The monthly remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations
(xi) Budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made
Business Budget (as approved by BOD) for 2024-25:
Sanctions Rs.74,700 crore
Disbursements Rs.96,151 crore
(xii) Manner of execution of subsidy programmes, including the amounts allocated and the details of beneficiaries of such programmes Not applicable
(xiii) Particulars of recipients of concessions, permits or authorisations granted by the organisation Not applicable
(xiv) Details in respect of the information available to or held by it, reduced in an electronic form
Relevant Financial Information about the on-going credit facilities are held in electronic form. DPRs and client information etc are held in hard form.
(xv) Particulars of facilities available to citizens for obtaining information, including the working hours of a library or reading room, if maintained for public use Available on public domain at
(xvi) The names, designations and other particulars of the Public Information Officers Available on url : Click here
(xvii) Such other information as may be prescribed and thereafter update these publications every year. - Not applicable -
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