rural banking
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Rural Banking (Elective) — CAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
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What is the Swarnajayanti Gram Swarozgar Yojana (SGSY) and what has it been replaced by?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.
What are Regional Rural Banks (RRBs) and when were they established?
Regional Rural Banks are government-sponsored, locally-oriented banks established in 1975 under the RRB Act to provide credit and financial services to small and marginal farmers, agricultural labourers, and rural artisans in specific geographic regions.
What is the NABARD Refinance Scheme and which types of banks can avail it?
NABARD provides refinance to cooperative banks, RRBs, and commercial banks for agriculture.
Who are the stakeholders in the ownership of a Regional Rural Bank?
RRBs have a tripartite ownership structure: the Central Government holds 50%, the sponsor bank holds 35%, and the concerned State Government holds 15% of the share capital.
What is the scale of finance concept used in agricultural lending?
Scale of finance is the standard cost of cultivation used to fix crop loan limits.
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