IJFANS International Journal of Food and Nutritional Sciences

ISSN PRINT 2319 1775 Online 2320-7876

Role of Regional Rural Banks (RRBs) in Agricultural Finance in India

Main Article Content

A. Nagaraju,P. Chengalrayulu

Abstract

This article explores the vital role of RRBs in agricultural finance in India, their contributions, challenges, and the way forward. This is where Regional Rural Banks (RRBs) play a pivotal role. Established with the objective of ensuring sufficient institutional credit for agriculture and other rural sectors, RRBs have been instrumental in promoting financial inclusion and fostering agricultural growth. This study is significant as it addresses the critical role of Regional Rural Banks (RRBs) in enhancing agricultural finance and promoting rural economic development in India. Data collected from RRB annual reports, the Reserve Bank of India (RBI) reports, NABARD annual reports, Government publications and websites. It is concluded that Regional Rural Banks are crucial for the development of agriculture and rural sectors in India. By providing tailored financial services, promoting financial inclusion, and supporting agricultural development, RRBs play a pivotal role in transforming rural economies.Addressing the challenges they face and implementing strategic measures will ensure that RRBs continue to be a cornerstone of agricultural finance in India,driving growth and prosperity in rural areas.

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