The Reserve Bank has drawn up a comprehensive programme to train local law enforcement agencies, especially the police force, in the North Eastern states to take on fake institutions and fly-by-night operators.
'We are in talk with the Chief Secretaries (of North eastern states). This is one of the action points which our Governor has pointed out...... that in consultation with chief secretaries, chalk out a training programme for police personnel who do not know the nitty gritties of the legal implications,' RBI Regional Director P K Jena told reporters on Friday.
He said a meeting in this regard was held with senior government officials in Assam.
Jena said the concerned state governments would depute either their police personnel or Bureau of Economic Offence (BIEO) teams for the training.
RBI Governor D Subbarao had last week said in Guwahati that Assam Chief Minister Tarun Gogoi had sought the central bank's help in training the police in the fight against such fake institutions. Jena said RBI is taking special initiatives to create awareness among the public regarding fake financial bodies.'One such programmes for public awareness would be conducted in Silchar on 23 February,' Jena said.
The apex bank is also working to increase Electronic Benefit Transfers in the North Eastern region.
'In all seven North East states, we have got task forces consisting of the Finance Secretaries of each state and our RBI members who sits once in a quarter or once in four months and chalk out the plan of action to implement the strategy (for promoting EBTs),' Jena said.
Speaking on the occasion, another senior RBI official said that as per latest changes in rules banks have been instructed not to file FIRs against customers for handing over up to four pieces of fake notes.
As per earlier rules, a person was liable for prosecution even if one piece of fake currency note was found with him or her, the official said.
When asked about the low Credit Deposit ratio in Assam, Jena said efforts are on to increase lending to MSME and agriculture sectors and this would improve the situation. The CD ratio in Assam is around 46 per cent compared to a national average of over 70 per cent.
'The problem of low Credit Deposit ratio prevails in the entire eastern region, including West Bengal and Bihar,' he said.
'We are in talk with the Chief Secretaries (of North eastern states). This is one of the action points which our Governor has pointed out...... that in consultation with chief secretaries, chalk out a training programme for police personnel who do not know the nitty gritties of the legal implications,' RBI Regional Director P K Jena told reporters on Friday.
He said a meeting in this regard was held with senior government officials in Assam.
Jena said the concerned state governments would depute either their police personnel or Bureau of Economic Offence (BIEO) teams for the training.
RBI Governor D Subbarao had last week said in Guwahati that Assam Chief Minister Tarun Gogoi had sought the central bank's help in training the police in the fight against such fake institutions. Jena said RBI is taking special initiatives to create awareness among the public regarding fake financial bodies.'One such programmes for public awareness would be conducted in Silchar on 23 February,' Jena said.
The apex bank is also working to increase Electronic Benefit Transfers in the North Eastern region.
'In all seven North East states, we have got task forces consisting of the Finance Secretaries of each state and our RBI members who sits once in a quarter or once in four months and chalk out the plan of action to implement the strategy (for promoting EBTs),' Jena said.
Speaking on the occasion, another senior RBI official said that as per latest changes in rules banks have been instructed not to file FIRs against customers for handing over up to four pieces of fake notes.
As per earlier rules, a person was liable for prosecution even if one piece of fake currency note was found with him or her, the official said.
When asked about the low Credit Deposit ratio in Assam, Jena said efforts are on to increase lending to MSME and agriculture sectors and this would improve the situation. The CD ratio in Assam is around 46 per cent compared to a national average of over 70 per cent.
'The problem of low Credit Deposit ratio prevails in the entire eastern region, including West Bengal and Bihar,' he said.