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RURAL Banking 2024
What is the primary objective of rural banking in India?
Rural banking aims to extend formal financial services to rural populations, enabling credit access, deposit mobilization, and financial inclusion for agricultural and allied activities.
What is the Narasimham Committee (1991) recommendation related to rural credit?
Reducing directed credit and freeing interest rates for rural loans.
Which committee recommended the establishment of Regional Rural Banks (RRBs) in India?
The Narasimham Working Group (1975) recommended the establishment of Regional Rural Banks to provide credit and banking facilities in rural areas at lower cost.
What is the full form of NABARD?
National Bank for Agriculture and Rural Development.
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