Role of Regional Rural Banks Finance to Weaker Sections of the Rural Society in India

Abstract

The importance of the rural banking in the economic development of a country cannot be overlooked. Since 1975 RRBs are being regarded as one of most important sources of institutional financing of rural credit in India. The Regional Rural Banks (RRBs) were established with a view to developing the rural economy by providing, for the purpose of development of agriculture, trade, commerce, industry and other productive activities to the rural areas credit and other facilities, particularly to the small and marginal farmers, agricultural laboures, small entrepreneurs and rural artisans. The objective of this paper is analyzing the rural credit to the weaker sections and the role played by the RRBs in the priority and non priority sector landings. The study is analytical and exploratory in nature and makes use of secondary data.