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    Insurance & Banking Project

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    Regional Rural Banks (RRBs) were established in 1975 to better meet the needs of rural areas. They focused on providing credit to small farmers, agricultural laborers, artisans, and small businesses. Over time, the number of RRB branches grew significantly, increasing rural access to banking and credit. Cooperative banks also play an important role in rural lending in India. They are owned and governed by their members, and provide loans and other services. Both RRBs and cooperative banks have helped expand financial inclusion in Indian villages.

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    Insurance & Banking Project

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    fundoo16
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    Regional Rural Banks (RRBs) were established in 1975 to better meet the needs of rural areas. They focused on providing credit to small farmers, agricultural laborers, artisans, and small businesses. Over time, the number of RRB branches grew significantly, increasing rural access to banking and credit. Cooperative banks also play an important role in rural lending in India. They are owned and governed by their members, and provide loans and other services. Both RRBs and cooperative banks have helped expand financial inclusion in Indian villages.

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    Regional Rural Banks (RRBs) were established in 1975 to better meet the needs of rural areas. They focused on providing credit to small farmers, agricultural laborers, artisans, and small businesses. Over time, the number of RRB branches grew significantly, increasing rural access to banking and credit. Cooperative banks also play an important role in rural lending in India. They are owned and governed by their members, and provide loans and other services. Both RRBs and cooperative banks have helped expand financial inclusion in Indian villages.

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    21 views15 pages

    Insurance & Banking Project

    Uploaded by

    fundoo16
    Regional Rural Banks (RRBs) were established in 1975 to better meet the needs of rural areas. They focused on providing credit to small farmers, agricultural laborers, artisans, and small businesses. Over time, the number of RRB branches grew significantly, increasing rural access to banking and credit. Cooperative banks also play an important role in rural lending in India. They are owned and governed by their members, and provide loans and other services. Both RRBs and cooperative banks have helped expand financial inclusion in Indian villages.

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    of 15

    PRESENTED BY NITIN MANGLA VIKAS SHARMA 700 , 728

    INTRODUCTION
    NABARD was set up on 12 july 1982 by the act of parliament. NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, smallscale industries, cottage and village industries, handicrafts and other rural crafts. It also has the mandate to support all other allied economic activities in rural areas, promote integrated and sustainable rural development and secure prosperity of rural areas

    CONTINUED
    1. Providing refinance to lending institutions in rural

    areas

    2. Bringing about or promoting institutional

    development and

    3. Evaluating, monitoring and inspecting the client

    banks

    PRODUCT & SCHEMS OF NABARD


    Refinance

    scheme

    Credit
    Microfinance Kisan

    credit card scheme Scheme of financing farmer Programme of weaker section

    SERVICE PROVIDE BY NABARD


    CONSULTANCY

    SERVICES MARKETING SERVICE TRAINING & DEVELOPMENT

    REGIONAL RURAL BANKS


    The Narasimham committee on rural credit recommended the establishment of Regional Rural Banks (RRBs) on the ground that they would be much better suited in meeting the needs of rural areas. The government passed the Regional Rural Banks Act, 1976. A significant development in the field of banking during 1976 was the establishment of 19 Regional Rural Banks (RRBs) under the Regional Rural Banks Act1976.

    The Government of India set up Regional Rural Banks (RRBs) on October 2, 1975.
    Initially, five RRBs were set up on October 2, 1975. Capital share being 50% by the central government, 15% by the state government and 35% by the scheduled bank.

    OBJECTIVES:
    Regional Rural Banks in India are oriented towards meeting the needs of the weaker sections of the rural population consisting of small and marginal farmers, agricultural labourers, artisans and small entrepreneurs. Regional Rural Banks in India mainly focussed upon the agro sector. Regional rural banks in India penetrated every corner of the country and extended a helping hand in the growth process of the country.

    GROWTH OF RRBs:
    During the period 1975-81 the branches rose from 17 to 4795 and deposits from Rs 0.20 cr. To 338 Cr. By 1987 RRBs rose to 13533 and deposits to Rs 12305 crore and outstanding advances to 2732 Cr. On 31 march 2008 in rural banking in India, there were 14,475 rural banks in the country of which 2126 (91%) are located in remote rural areas and deposits were Rs 99095 Cr. And advances were Rs 57601 Cr.

    SBI has 30 Regional Rural Banks in India known as RRBs. The rural banks of SBI is spread in 13 states extending from Kashmir to Karnataka and Himachal Pradesh to North East. The total number of SBIs Regional Rural Banks in India branches is 2349 (16%).

    CONTINUED
    A part from SBI, there are other few banks which functions for the development of the rural areas in India. Few of them are as follows. Haryana State Cooperative Apex Bank Limited NABARD United Bank of India

    Sindhanur Urban Souharda Co-operative Bank

    REGULATORY CONTROL
    NABARD introduced several policy measures for improving RRBs total performance. these were: Quarterly or half yearly review of RRBs. Framing of appointment and promotion rules 1998 for staff of RRBs. Introduction of KISAN CREDIT CARDS for provision of credit to farmers. Encouraging RRBs to adopt self help groups for channeling credit to the poor Merger of RRBs A number of measures were taken to enable RRBs function effectively

    COOPERATIVE BANKS:
    A co-operative bank is a financial entity which belongs to its members, who are at the same time the owners and the customers of their bank. Co-operative banks are often created by persons belonging to the same local or professional community or sharing a common interest. Co-operative banks generally provide their members with a wide range of banking and financial services (loans, deposits, banking accounts). In India co-operative banks are regulated with the RBI and governed by Banking Regulations Act 1949 and Co-operative Societies Act, 1965

    COOPERATIVE BANKS:
    The Co-operative banking system is a unique sector, blendingbanking and cooperation. These institutions played a significant role in mobilizing rural savings and stimulating agricultural investment. The cooperative banking sector in India comprises urban cooperative banks and rural cooperative banks. Such as: SCBs DCBs CCBs It has accounts in 2004-05 for the second largest credit of Rs 108500 crore to agriculture activities in rural sector.

    The cooperative credit structure consists of 100113 institutions with distinct urban and rural sectors. The urban sector has 1770 cooperative banks and 98343 rural cooperative banks. These are further classified under various segments.
    Market Shares Of Deposits of UCBs(%)

    Market share of deposits in % .

    6.6 4.50 4.9 5.3 5.6

    6.3 6.4

    6.3

    5.8

    5.3

    4.8

    0
    EndFY96 EndFY97 EndFY98 EndFY99 EndFY00 EndFY01 EndFY02 EndFY03 EndFY04 EndFY05 EndFY06

    Growth Of Urban Cooperative Banks (UCBs)

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