IJFANS International Journal of Food and Nutritional Sciences

ISSN PRINT 2319 1775 Online 2320-7876

RRBs in India's regional rural banking scenario

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Dr. Rashi Garg

Abstract

India lives in its villages and the founding fathers deemed it imperative to enable financial inclusion for the rural population. Therefore, Finance is the life blood of this agrarian economy. Realizing the fleeing of rural masses, government of India took several initiatives to promote the growth of rural and agriculture sector. Amongst these initiatives, major was the establishment of Regional Rural Banks (RRBs). Over the years, RRBs have proved to be the most active agencies in the process of strengthening rural economy by purveying credit and mobilizing deposits from rural areas through their vast network even in the remotest areas of the country. The present study attempts to empirically examine the growing position of regional rural banks during the period spanning from 2010 TO 2020 by using various statistical techniques. The aforementioned conclusions portray that over the period from 2010 to 2020, regional rural banks have experienced reduction in the number of banks, increasing amount of loans and deposits and a very meagre change in number of branches and that is only in 2020.

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