Role of Regional Rural Banks (RRBS)  and National Bank of Agriculture and  Rural Development (NABARD) in Rural  Development in India

M. PRABAKARAN

Volume : III, Issue : IV, April - 2014

Role of Regional Rural Banks (RRBS) and National Bank of Agriculture and Rural Development (NABARD) in Rural Development in India

M. Prabakaran

Abstract :

Gandhiji said �real India lies in villages� and village economy is the backbone of Indian economy. The Government of India is developing rural areas through Five years Plans but it is not achieved target of enhancing rural development. The Regional Rural Banks (RRBs) were established in October 02, 1975 for economic development in the rural India and to provide credit to the rural people by the Government of India. National Bank of Agriculture and Rural Development (NABARD) was set up in July 1982 as apex institution to provide refinance facilities to rural financial institutions. This article explains the role of RRBs and NABARD in developing rural area in India and to analyze the achievement and overall performance of RRBs and NABARD.