Evaluation Of The Working Of Regional Rural Banks

Though the Rural Credit Survey Committee has brought into limelight the problems of the rural finance, the Regional Rural Banks Ordinance 1975 proved to be a landmark in restructuring the rural infrastructure by providing easy and cheap finance to the small and marginal farmers, agricultural labourers, artisans and the small entrepreneurs in the rural areas. Since the problem of employment is becoming more and more acute and the service sector is nearly stagnant and industry sector has a narrow scope, the employment opportunities can be better explored in the rural segments. In this regard, the Regional Rural Banks have to do a great deal by providing easy and cheap credit to the unemployed. The book besides highlighting the aims and objects of the Regional Rural Banks scheme presents a vivid description of the working and performance of the Prathma Bank, Moradabad, which is considered to be one of the ideal Regional Rural Banks in the country. The author has covered the relevant aspects of Regional Rural Banks like branch expansion, deposit mobilisation, credit deployment, profitability etc. and has given partical suggestions for improvement. Problems like lack of banking habits among rural public, competition with other financing institutions, recovery of advances, defective management pattern, untrained staff, limited resources, etc. have also been discussed alongwith suitable remedial measures. An effort has also been made to assess impart of these banks on rural infrastructure. The book is likely to prove much useful to the students and researchers in the areas of banking, finance and rural economics as well as to the reader in general.