It was in this background that a decision was taken to draft a vision document for the sector to outline a framework that would facilitate the strengthening of the sector and enable it play the assigned role of providing credit to the economically weaker sections.
Vision document for UCBs The Reserve Bank eventually formulated a draft vision document, placed it in the public domain in March 2005 and finalised it thereafter, with the following objectives: (i)  To rationalize the existing regulatory and supervisory approach keeping in view the heterogeneous character of entities in the sector.