Throw light on Regional Rural Banks.

1.	Throw light on Regional Rural Banks.
Answer» The Regional Rural Banks were set up along with the establishment of 5 banks on October 2,1975. They provide loans to small and marginal farmers, agricultural labourers, artisans etc.After a few years, their number increased to 196, and after their merger in 2005, their number has declined to 56 at present. Their contribution in total institutional credit was 11.6 per cent in 2013-14. Out of the total loans, 90% were provided to the weaker sections of rural area.

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