Study of functions and Governance Structure of Regional Rural Banks

Abstract

Rural Banking plays a significant role in rural economy by catering to the growing needs of rural sector. Rural banking is required to meet the credit needs of rural economy for financing agriculture and allied activities, rural infrastructure and poverty alleviation programme meant for the weaker sections of the mral population. In country like India where large part of population still living in rural sector, development of rural economy is very important and rural banking plays a major role. Rural Banking System in India is comprised of Cooperatives banks, the rural branches of Commercial Banks, and Regional Rural Banks.