Economics • Banking & FinanceEasy
Which regional rural bank operates extensively across Arunachal Pradesh to provide grassroots banking services and agricultural credit to rural communities?
A. Arunachal Pradesh Rural Bank✓ Correct Answer
B. Punjab National Rural Bank
C. Kavery Grameena Bank
D. Utkal Grameen Bank
💡 Solution & Explanation
Arunachal Pradesh Rural Bank serves as the primary regional rural bank functioning within the state, catering to the financial needs of farmers, artisans, and small entrepreneurs in rural areas. Sponsored by commercial banks and backed by government policies, it bridges the gap in formal credit delivery across remote hilly districts. Regional rural banks play an indispensable role in expanding financial inclusion and channeling priority sector lending in northeastern states. Micro-credit programs through self-help groups are frequently channeled via this network.
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