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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM62987
Volume:
10 |
5 |
May 2026
Pages:
1-6
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
DEPARTMENT OF MANAGEMENT & COMMERCE
JAYOTI VIDYAPEETH WOMEN’S UNIVERSITY,JAIPUR (RAJASTHAN),INDIA
DEPARTMENT OF MANAGEMENT & COMMERCE
JAYOTI VIDYAPEETH WOMEN’S UNIVERSITY,JAIPUR (RAJASTHAN),INDIA
India's economy and social structure have been historically agrarian-based. A large segment of the population depends on agriculture for their livelihood and income despite the country’s industrialization and urbanization. The agriculture sector plays a key role in employment generation and rural development. Agriculture in India has been hampered by rain-fed farming, minor landholdings, lack of modernization, and low financial resources and support systems. The most critical problem for farmers has been the lack of adequate institutional credit. The rural population depended on informal sources such as moneylenders, whose high lending rates aggravated rural debts. The challenge for the Government of India, therefore, was to provide low-cost banking services to rural population. Consequently, Regional Rural Banks (RRBs) were set up in the mid-1970s. The Regional Rural Banks were established to meet the lending requirements of the rural population, including smaller and marginal farmers, agricultural wage workers, and small rural entrepreneurs. Their primary concern was to provide access to low-cost banking services and, thus, were located in areas where formal banking services were not available. RRBs have therefore, been instrumental in the development of agriculture and financial inclusion. This chapter analyzes the function of RRBs in agricultural development in Sawai Madhopur district Rajasthan. The role of RRBs in improved agricultural productivity, rural livelihoods, and balanced economic development is discussed. The discussion is based on the materials of the study, and it provides an improved and original academic analysis.
KEYWORDS
The Regional Rural Banks have been of critical importance in the arena of developing the agriculture and advancing the financial services to make banking available for the rural areas of the country. Their provision of specific services to the rural areas have made them to pool the banking clients. In areas such as Sawai Madhopur, RRBs have created an improved pathway to credit, driven the use of advanced technology in cultivation, and promoted diversification of economic activities, resulting in the alleviation of poverty, and economic and social upliftment. Nonetheless, constraints of the rural credit system persist in the form of insufficient funds, poor loan recovery, and inadequate technology. Solving these persistent issues requires the collaboration of policymakers, financial institutions, and rural people. Strengthening of the RRBs, modernizations of the units, and reforms of the agricultural and rural policies system are key in ensuring that rural improvements from rural development to agricultural and farmer's income growth, stick to the rural uplifting of millions of people.
Books & Reports 1. Government of India. (1976). The Regional Rural Banks Act, 1976. Ministry of Law and Justice. 2. Reserve Bank of India. (2022). Report on trend and progress of banking in India 2021–22. RBI Publications. 3. National Bank for Agriculture and Rural Development. (2021). Annual report 2020–21. NABARD. 4. World Bank. (2008). Finance for all? Policies and pitfalls in expanding access. World Bank Publications. 5. Basu, P. (2006). Improving access to finance for India’s rural poor. World Bank Policy Research Working Paper. Government & Policy Documents 13. Ministry of Finance. (2020). Economic survey of India 2019–20. Government of India. 14. Planning Commission of India. (2014). Report on financial inclusion in India. Government of India. 15. NITI Aayog. (2018). Strategy for new India @75. Government of India.
Publication Date
5/9/2026
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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