exchange market has evolved as a key segment of the Indian financial market and RBI has an
      important role to play in regulating and managing this segment. It manages forex and gold
      reserves of the nation.
            RBI is the sole body that is authorized to issue currency in India. The bank also destroys the
      same when they are not fit for circulation. All the money issued by the central bank is its
      monetary liability, i.e., the central bank is obliged to back the currency with assets of equal
      value, to enhance public confidence in paper currency. The objectives are to issue bank notes and
      give public adequate supply of the same, to maintain the currency and credit system of the
      country to utilize it in its best advantage, and to maintain the reserves. For printing of notes, the
      Security Printing and Minting Corporation of India Limited (SPMCIL), a wholly owned
      company of the Government of India, has set up printing presses at Nashik, Maharashtra and
      Dewas, Madhya Pradesh. The Bharatiya Reserve Bank Note Mudran Private Limited
      (BRBNMPL), also has set up printing presses in Mysore in Karnataka and Salboni in West
      Bengal. In all, there are four printing presses. For minting coins, SPMCIL has four mints at
      Mumbai, Noida (UP), Kolkata and Hyderabad.
            In order to curb the fake currency, RBI has launched a website to raise awareness among
      masses about fake notes in the market provides information about
      identifying fake currency.
      Relevant Website:
      Regional Rural Banks
            The Regional Rural Banks (RRBs) were established under Regional Rural Banks Act, 1976
      to create an alternative channel to the cooperative credit structure and to ensure sufficient
      institutional credit for the rural and agriculture sector. RRBs are jointly owned by Government of
      India, concerned state government and sponsor banks with the issued capital shared in the
      proportion of 50 per cent, 15 per cent and 35 per cent, respectively.
      Kisan Credit Card
            The Kisan Credit Card (KCC) scheme was introduced in 1998-99, as an innovative credit
      delivery system aiming at adequate and timely credit support from the banking system to the
      farmers for their cultivation needs including purchase of inputs in a flexible, convenient and cost
      effective manner. The scheme is being implemented by all cooperative banks, RRBs and public
      sector commercial banks throughout the country. KCC is one of the most effective tools for
      delivering agriculture credit. NABARD monitors the scheme in respect of cooperative banks and
      RRBs and RBI in respect of commercial banks. A new scheme for KCC has been circulated by
      RBI and NABARD which provides for KCC as an ATM card which can be used at ATM/Point
      of Sale (POS) terminal.
      Rural Infrastructure Development Fund
            The Central Government established a fund to be operationalised by NABARD namely, the
      Rural Infrastructure Development Fund (RIDF), which was set-up within NABARD during
      1995-96 by way of deposits from Scheduled Commercial Banks operating within the country
      from the shortfall in their agricultural/priority sector/weaker sections lending. The fund has since
      been continued, with its allocation being announced every year in the Union Budget. Over the
      years, coverage under the RIDF has been broad based, in each tranche, and at present, a wide