Volume : V, Issue : VIII, August - 2015

ROLE OF REGIONAL RURAL BANKS IN RURAL DEVELOPMENT

Dr. P. L. Harale

Abstract :

Commercial Banks are urban oriented before 1970 the existing credit agencies such as Co–operative Banks, Commercial Banks were not conducive to the satisfaction of the credit needs of the rural population and weaker sections. In 1975 the Government of India appointed a working group under the Chairmanship of M. Narasimhan to study the problem of rural credit and dividing alternative agencies to provide institutional credit to the rural people under 20 point programme. The working group identified various weaknesses of existing credit agencies and recommended a new type of institutions i.e. establishment of Regional Rural Banks, RRBs extend loans only to small and marginal farmers, landless labourers, small artisans and small entrepreneurs in rural areas.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

DR. P.L. HARALE Role of Regional Rural Banks in Rural Development Indian Journal of Applied Research, Vol.5, Issue : 8 August 2015

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