On November 5th, the Cabinet at the meeting chaired by the Prime Minister, Narendra Modi gave its approval to the following:    (i) To implement the Scheme for Revival of 23 unlicensed District Central Cooperative Banks (DCCBs) in four States. These are 16 in Uttar Pradesh, three in Jammu & Kashmir, three in Maharashtra and one in West Bengal. Under the Scheme, the total capital infusion required for revival of these 23 DCCBs would be Rs. 2375.42 crore, out of which the commitment from the Central Government would be Rs. 673.29 crore, from State Governments Rs. 1464.59 crore and from NABARD Rs.237.54 crore.    (ii) The Gol's share of Rs.673.29 crore would be released through NABARD as interest-free loan and would be converted into grant on fulfilment of conditionalities/deliverables outlined in the Scheme which, among other things includes bringing the NPAs to at least half of the current levels by 31.3.2017; making 15 percent growth rate of deposits for next two years; drawing up of a monthly Monitorable Action Plan; placement of competent CEOs fulfilling 'Fit & Proper' criteria; and putting Corporate Governance Systems in place. The assistance from NABARD would be in the form of loan to the respective State Governments under Section 27 of NABARD Act, 1981.    The Scheme for revival of these unlicensed DCCBs will help in revival of these cooperative banks. This will result in protecting the interests of depositors and catering to the credit needs of farmers. Once revived, these cooperative banks would become eligible for obtaining licenses from RBI for continuing their operations in rural areas and would also be able to achieve CRAR requirement prescribed by RBI. This means 7 percent CRAR by 31st March, 2015 and 9 percent CRAR by 31st March, 2017.    For the purpose of implementation of the Scheme, a tripartite agreement in the form of Memorandum of Understanding (MoU), stipulating conditionalities and deliverables, will be signed between the Central Government, concerned State Government and NABARD. During the implementation of the Scheme, operations of these 23 unlicensed DCCBs would be closely monitored by NABARD and RBI, so that they meet the licensing requirement within the time frame as prescribed in the Scheme.    The list of the places where the DCCBs are located is given below:    Uttar Pradesh:    1. Deoria    2. Bahraich    3. Siddharth Nagar    4. Sultanpur    5. Jaunpur    6. Hardoi    7. Basti    8. Ballia,    9. Azamgarh    10. Gorakhpur    11. Fatehpur    12. Sitapur    13. Varanasi    14. Allahabad,    15. Ghazipur and    16. Faizabad    Maharashtra:    17. Buldhana    18. Nagpur    19. Wardha    Jammu & Kashmir:    20. Baramullah    21. Anantnag    22. Jammu    West Bengal:    23. Birbhum