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The main object of Regional Rural Banks is to provide credit to:
- a)Rural people
- b)Weaker sections of the society
- c)Weaker sections of the rural population
- d)All the people of society.
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
The main object of Regional Rural Banks is to provide credit to:a)Rura...
Regional Rural Banks (RRBs) are financial institutions which ensure adequate credit for agriculture and other rural sectors . Regional Rural Banks were set up on the basis of the recommendations of the Narasimham Working Group (1975), and after the legislations of the Regional Rural Banks Act, 1976. The first Regional Rural Bank “Prathama Grameen Bank” was set up on October 2, 1975. At present there are 82 RRBs in India.
The equity of a regional rural bank is held by the Central Government, concerned State Government and the Sponsor Bank in the proportion of 50:15:35.
Most Upvoted Answer
The main object of Regional Rural Banks is to provide credit to:a)Rura...
RRBs plays a vitall role in the economic development of the rural India. 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. hence option A is the correct answer
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The main object of Regional Rural Banks is to provide credit to:a)Rural peopleb)Weaker sections of the societyc)Weaker sections of the rural populationd)All the people of society.Correct answer is option 'A'. Can you explain this answer?
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