Research and Markets: Rural Banking in India 2011 Edition - Renewed Emphasis on Agricultural and Rural Development by India's Government Leads To a Growing Demand for Financial Services

DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/c7db37/rural_banking_in_i) has announced the addition of the "Rural Banking in India" report to their offering.

Agriculture and rural sectors play an important role in India?s overall development strategy in terms of income and employment generation and poverty alleviation. Great significance has, therefore, been accorded to developing appropriate institutions and mechanisms for catering to the credit requirements of these sectors.

Government of India promoted Regional Rural Banks (RRBs) through the RRBs Act of 1976 to bridge the gap in the flow of credit to the rural poor. The RRBs have a special place in the multi-agency approach adopted to provide agricultural and rural credit in India. These banks are state-sponsored, regionally-based and rural-oriented. Besides the RRBs, commercial and co-operative banks have been catering to the credit requirements of the rural sector.

The renewed emphasis on agricultural and rural development by the Government of India would lead to a growing demand for different types of financial services in the rural areas. The present structure of rural credit may not be able to cater to the same. RRBs would be called upon to play a greater role in providing such services due to their rural character and feel. RRBs have to take over a larger share of credit disbursements calling for much larger resource mobilization, as also greater efforts for their institutional strengthening.

It was announced in the Union Budget for 2008-09 that the Central Government and the State Governments had reached an agreement on the content of the package for revival of the long-term cooperative credit structure. The cost of the package was estimated at Rs. 3,074 crore, of which the Central Government's share would be Rs. 2,642 crore.

Key Topics Covered:

• History and Significance of Rural Banking in India - Rural Sector in the Indian Economy; Post-Independence History of Banking in India; Rural Financial Institutions; Regional Rural Banks (RRBs); Review of Literature on Rural Banking.
• Development of Regional Rural Banks (RRBs) in India - The Genesis; Banking Commission (Chairman: R.G. Saraiya), 1972; New Economic Programme; Working Group (Chairman: M. Narasimham), 1975; Establishing a RRB: The Basic Requirements; Special Concessions and Privileges allowed to RRBs; Steering Committee for Framing up Policies of the RRBs at National Level; Development of Regional Rural Banks in India; State-wise Distribution of the RRBs; Sponsoring Bank-wise Distribution of the RRBs.
• Conceptual Issues Related to Regional Rural Banks (RRBs) - Role of RRBs; Objectives of Setting up RRBs; Prominent Postulates of the RRBs; Business of RRBs; Capital Structure of the RRBs; Management and Staff Pattern of the RRBs; Board of Directors; RRBs versus Commercial Banks; RRBs versus Cooperative Banks.
• Institutional Financing for Rural Credit in India - Post-Independence Rural Development; Rural Credit Requirements; Sources of Rural Finance; Need for Institutional Finance for Rural Credit; History of Institutional Arrangements for Rural Credit.
• Performance of RRBs: A Region-wise Analysis - Structural Growth; Mobilization of Deposits; Loans and Advances; Profitability Performance; Non-performing Assets (NPAs); Summary and Recommendations
• Appendix: Regional Rural Banks in West Bengal;
• Bibliography;
• Index

Author:

Dr. Manas Chakrabarti is presently an Assistant Professor in the Department of Commerce, Balurghat College, Balurghat, West Bengal. He received his M.Com and Ph.D. degrees from Calcutta University in 1993 and 2009 respectively. He is also a Guest Faculty (Commerce) at the Netaji Subash Open University (Balurghat College Centre).

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