Volume : VI, Issue : II, February - 2017

THE ROLE AND RESPONSIBILITIES OF REGIONAL RURAL BANKS FOR DEVELOPMENT IN INDIA

Neha Singh, Brijesh Kumar Yadav

Abstract :

 The RRBs were established “with a view to developing the rural economy by provide, for the reason of development of agricultural, trade, commerce, industry and other useful activities in the rural area, credit and other services, mainly to little and marginal farmers, agricultural laborers,’ artisans and small entrepreneurs, and for matter linked there with and incidental thereto”. The establishment of Regional Rural Banks (RRBs) was formed to meet the surplus demand for institutional credit in the rural sector, mainly in the core of the economically and within people marginally sections. In order to provide access to low-costing banking services to the poor, the Narasimham Working Group (1975) planned the establishment of a latest set of banks, as institution which “join the local feel and familiarity with rural problems which the cooperative have and point of business organization, capability to organize deposits, access to central money markets and rationalized view which the commercial banks have”. The multi-agency move toward to rural credit was also to sub provide the requirements of input-intensive agricultural policy (Green Revolution) which had firstly paying attention on ‘betting on the strong’ but by the mid-seventies was ready to spread more widely through the Indian countryside. In adding, the possible and the need for diversification of financial behavior in the rural areas had begin to be known, and this was a division where the RRBs could play a important role. In this paper we are going to talk about on the role of regional banks and their responsibilities towards rural development.

Keywords :

Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

Neha Singh, Brijesh Kumar Yadav, THE ROLE AND RESPONSIBILITIES OF REGIONAL RURAL BANKS FOR DEVELOPMENT IN INDIA, GLOBAL JOURNAL FOR RESEARCH ANALYSIS : Volume-6, Issue-2, February‾2017


Number of Downloads : 378


References :