SPONSORS & GOVERNANCE

Industrial Finance Corporation of India (IFCI), Industrial Development Bank of India (IDBI), National Bank for Agriculture and Rural Development (NABARD) and Tata Social Welfare Trust (TSWT) are the sponsors of RGVN.To be a sponsor of RGVN - a minimum of Rs 2 crore has to be given to the corpus of RGVN. The interest income from the invested corpus fund is used in pursuance of RGVN's objectives. Apart from this interest income, RGVN also depends on various program based fund - both in the form of loan and grant received from various national/international donor agencies.

RGVN's governance is vested in a 13 member Governing Board. Four of the members are nominees of institutional sponsors i.e Industrial Finance Corporation of India (IFCI), Industrial Development Bank of India (IDBI), and National Bank for Agriculture and Rural Development (NABARD). Others are co-opted through consensus by the Board from among well known development professionals and other eminent persons from the fields of business, finance and public service. Co-opted members generally serve two-three years term and retiring members are replaced by new individuals identified by the Board. The Governing Board generally meets thrice a year. It formulates policy, approves and reviews budgets and operational plans and provides guidance to the program staff.

The Executive Director, who is an ex-officio member of the Board heads the organization. Operations are carried out through four regional offices, each headed by a senior staff designated as the Regional Coordinator. There are five Regional Offices - Guwahati and Jorhat for the Northeast; Patna for Bihar and Jharkhand; Bhubaneswar for Orissa and Andhra Pradesh and Raipur for Chattisgarh. The Head Office at Guwahati integrates operations; develops policies, plans and budgets; meets all statutory obligations; and is responsible for overall institutional development.