Banking regulator, RBI would be helping in the set up of banks in 49 blocks of Assam. In addition to this, the apex bank would also meet the revenue costs of the newly set up banks for the first five years of their operation.

In the same context, the RBI has sought a list of those blocks which lack in banking facility from the state governments of the NorthEastern states.

The North East alone covers 89 blocks out of the total 131 which are still untouched by appropriate channels of banking.

According to regional RBI Director, Surekha Marandi, RBI has said that it would be funding the one-time capital cost and the operating cost of these banks for the first five years of their operation under the viability funding scheme.

Assam and Mizoram are yet to provide the list of such blocks to RBI.

The disturbed law and order situation of the north eastern states actually makes banks become unwilling in setting up branches there. The RBI has taken this move in order to upgrade the banking services in the north east as per the Center's directive of developing the region and bring it at par with the rest of the country.