Rural growth and capital reform Development and entrepreneurship beyondbrics reader: What can the RBI do on its part to engender development in rural India? How can the RBI encourage entrepreneurship there so that we can reduce urbanization and decentralize India’s growth story?
2  BIS Review 159/2010  DS: From the very beginning, the Reserve Bank has been in the forefront of pioneering development initiatives. In the 1970s, we introduced the priority sector lending scheme mandating banks to direct a minimum proportion of their overall lending to sectors with a large welfare impact such as agriculture, medium and small sized business and exports.