RBI sets up ERB panel

Finance Ministry constitutes high-level panel to evaluate ERBs – Qbera Unsecured Loans

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The Finance Ministry announced the setting-up of a high-level panel, constituting 13 members, to evaluate proposals on EBRs (Extra Budgetary Resources) for healthcare schemes, social sector schemes and infrastructure projects. Proposals for the same will be submitted by various ministries and departments within the ministries.

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The panel will be headed by the Union Economic Affairs Secretary and will have secretaries of various ministries, the MD of IIFCL, and the Chairman of NABARD. The Joint Secretary (Budget) in the Economic Affairs Department of the Ministry of Finance will be the member secretary of the committee.

The committee will be responsible for absorbing and evaluating all proposals received by ministries and respective departments to increase Extra Budgetary Allocations.

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