SYNDICATE BANK . These Regional Rural Banks (hereafter referred to as RRBs) are receiving a high degree of importance and spotlight within the rural credit system. The major concept of these microfinance bank establishment is to sustain financial institution in the local areas which are owned, contributed … They give financial service to the people. Rural Banks in those days mainly focused upon the Agro Sector. Although no wealth is created by Bank, but their essential activities facilitates the process of production, exchange and distribution of wealth. They have been playing a significant role in financing the weaker sections of the community in the rural areas and also in inculcating banking habit among rural masses. THE ROLE OF MICROFINANCE BANKS IN THE RURAL DEVELOPMENT . 8 main Objectives of Regional Rural Banks. Article Shared By.
RRBs provide financial help,loan,kcc in rural area. •Regional Rural banks came into existence in 1975 on Gandhi Jayanti (2 nd Oct) with the formation of “Prathama Gramin Bank”. ARB Apex Bank; offi ceholders of the Ashanti regional chapter of the Association of Rural Banks; and the managers, staff, and clients of the 12 rural banks we visited. The Full Form of RRB stands for Regional Rural Bank. The primary purpose of establishing microfinance bank in the rural areas of Enugu metropolis is to remedy the problem of rural development in the facing the grass-roots level. The Regional Rural Banks (RRBs) aimed at providing credit and other facilities to the small and marginal farmers, agricultural labourers, artisans and small entrepreneurs in rural areas. They are Indian Government banks, being commercial banks, which operate at a regional level in various states of India. It was subse­ quently replaced by Regional Rural Banks Act of 1976 dated February 9, 1976. Full Form of RRB – Regional Rural Bank.

Categories. They provide personal banking services as banking,loan,edu.loan,housing loan,. These Regional Rural Banks (RRBs) have been receiving a high degree of importance and attention in the rural credit system. According to this Act, the RRBs are to be set-up mainly with a view to develop rural economy by providing credit facilities for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas.

Regional Rural Banks (RRBs) are Indian Scheduled Commercial Banks (Government Banks) operating at regional level in different States of India.They have been created with a view of serving primarily the rural areas of India with basic banking and financial services.However, RRBs may have branches set up for urban operations and their area of operation may include urban areas too. The primary role of the RRB is to be the banker of the backward and rural areas of our country. role of regional rural banks in rural development of economy RRBs plays a pivotal role in the economic development of the rural India. ADVERTISEMENTS: The RRB Act, 1986, empowers the Central Government to establish in a State or Union Territory one or […] The main goal of establishing regional rural banks in India was to provide credit to the rural people who are not economically strong enough, especially the small and marginal farmers, artisans, agricultural labours, and even small entrepreneurs.


The number of branches the SBI Regional Rural Banks is … Although these functions are the basic function of commercial banks , but there are a lot more functions which enhances the importance of banks today. Where rural banking is healthy it provides important access to financial services for both businesses and private citizens. Regional Rural Banks – An Overview History of RRBs: A Regional Rural Bank is popularly known as "Gramin bank". ABSTRACT. ADVERTISEMENTS: The RRB Act, 1986, empowers the Central Government to establish in a State or Union Territory one or […] The development process of RRBs started with the promulgation of an Ordinance promulgated on 26th September 1975 (which later on was replaced with Regional Rural Bank Act, 1976) with an objective to ensure sufficient institutional credit for agriculture and other rural sectors.