The Government has adopted a multi-pronged strategy to extend banking facilities to hitherto unserved areas. Reserve Bank of India (RBI) in their Branch Authorization Policy for opening of Branches in unbanked rural centres, has advised all Scheduled Commercial Banks (SCBs) that while preparing their Annual Branch Expansion Plan, they should allocate at least 25 per cent of the total number of branches proposed to be opened during a year in unbanked Rural (Tier 5 and Tier 6) centres. Further, based on the announcement in budget 2010-11, over 73.000 villages having population above 2000, have been identified for extending banking services by March, 2012. These habitations were allocated to Public Sector Banks, Regional Rural Banks, Private Sector Banks and Cooperative Banks for extending banking services by March, 2012. By January, 2012, over 62,000 villages have been covered by bank branches or business correspondents.