The rural banking structure in India consists of a set of multi-agency – InterviewSolution

InterviewSolution

1.	The rural banking structure in India consists of a set of multi-agency institutions.(Regional Rural Banks / Small IndustriesDevelopment Bank of India) is expected to dispense credit at cheaper ratesfor agricultural purposes to farmers.
Answer» tion: The institutional structure of rural banking today consists of a set of multi-agency institutions, namely, COMMERCIAL banks, REGIONAL Rural Banks (HHBS), co-operatives and LAND development banks Recently, Self-Help Groups (HENCEFORTH SHGs) have emerged to fill the gap in the formal credit system.

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