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    Development of Regional Rural Banks in India

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    Tarunvir Kukreja
    Regional Rural Banks were established in India to promote agricultural development and provide banking services to rural areas, small farmers, and small businesses. They aim to increase access to low-cost banking and credit for economically disadvantaged groups. RRBs work at regional levels across various Indian states, with a focus on serving agricultural communities, though they may also operate in urban areas. They play an important role in rural development through identifying financial needs, channeling funds to rural cooperatives and societies, generating rural employment, and expanding banking access.

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    Development of Regional Rural Banks in India

    Uploaded by

    Tarunvir Kukreja
    6 views2 pages
    Regional Rural Banks were established in India to promote agricultural development and provide banking services to rural areas, small farmers, and small businesses. They aim to increase access to low-cost banking and credit for economically disadvantaged groups. RRBs work at regional levels across various Indian states, with a focus on serving agricultural communities, though they may also operate in urban areas. They play an important role in rural development through identifying financial needs, channeling funds to rural cooperatives and societies, generating rural employment, and expanding banking access.

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    BANK MANAGEMENT 1820328 OP

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    Regional Rural Banks were established in India to promote agricultural development and provide banking services to rural areas, small farmers, and small businesses. They aim to increase access to low-cost banking and credit for economically disadvantaged groups. RRBs work at regional levels across various Indian states, with a focus on serving agricultural communities, though they may also operate in urban areas. They play an important role in rural development through identifying financial needs, channeling funds to rural cooperatives and societies, generating rural employment, and expanding banking access.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    6 views2 pages

    Development of Regional Rural Banks in India

    Uploaded by

    Tarunvir Kukreja
    Regional Rural Banks were established in India to promote agricultural development and provide banking services to rural areas, small farmers, and small businesses. They aim to increase access to low-cost banking and credit for economically disadvantaged groups. RRBs work at regional levels across various Indian states, with a focus on serving agricultural communities, though they may also operate in urban areas. They play an important role in rural development through identifying financial needs, channeling funds to rural cooperatives and societies, generating rural employment, and expanding banking access.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Development of Regional Rural Banks in India

     Regional Rural Banks (RRBs) are Indian Scheduled Commercial Banks (Government
    Banks) working at regional level in various States of India. they have been made with a
    perspective on serving primarily the agricultural areas of India with essential banking and
    financial services. However, RRBs may have branches acknowledged for urban
    operations and their area of operation may include urban areas too.
     The RRBs were established with the highest goal of developing up the agricultural
    economy by giving, for the aim of development of agriculture, trade, commerce, industry
    and other productive activities within the agricultural areas credit and other facilities,
    especially to small and marginal farmers, agricultural laborers’, artisans and tiny
    entrepreneurs.
     The establishment of Regional Rural Banks (RRBs) was created to satisfy and to satisfy
    the excess demand for institutional credit within the agricultural areas, particularly among
    the economically and socially marginalized sections. so on supply access to low–cost
    banking facilities to the poor.
     The role of these banks in economic development is inspected, their policies and
    progress are evaluated, and proposals are given on how they're going to help improve and
    elevate the weaker areas of society. This latter target has been to a superb extent
    accomplished by the RRBs. Moreover, RRBs have assumed an enormous job within the
    usage of varied uncommon plans, as an example , the Integrated Rural Development
    Program.

    Role of Regional Rural Banking for Rural Development:

    • Identify the financial need especially in rural areas.

    • to make a supplementary channel for the flow the central market to the agricultural areas
    through refinances.

    • to supply finance to co-operative societies, Primary Credit societies, Agricultural marketing


    societies. Generating employment opportunities in rural areas and bringing down the worth of
    providing credit to rural areas.
    • Enhance & improve banking facilities to semi urban, rural & other untapped market. With these
    objectives in mind, knowledge of the local language by the staff may be a crucial qualification

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