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rural banking
What is the primary objective of rural banking in India?
The primary objective of rural banking is to provide financial services to the rural population, including credit for agriculture, allied activities, and rural non-farm enterprises, thereby promoting inclusive growth and poverty alleviation.
What is the Swarnajayanti Gram Swarozgar Yojana (SGSY) and what has it been replaced by?
Rural self-employment scheme, replaced by National Rural Livelihoods Mission (NRLM).
Which institution is the apex body for agricultural and rural credit in India?
NABARD (National Bank for Agriculture and Rural Development) is the apex institution for agricultural and rural credit, refinancing and supervising cooperative banks, RRBs, and other rural financial institutions.
What is the role of District Central Cooperative Banks (DCCBs) in the cooperative credit structure?
DCCBs serve as the middle tier linking state cooperative banks and PACS.
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