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ISSN 2063-5346
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A STUDY OF IMPACT OF RRBs ONAGRICULTURE AND ALLIED SECTORS (WITH REFERENCE OF TELANGANA, ADILABAD DISTRICT.)

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Sura Parusa Rameswara Reddy , Dr.R.B.Shridhar
» doi: 10.31838/ecb/2023.12.s3.838

Abstract

Regional Rural Banks (RRBs) have been established in India to cater to the banking and financial needs of rural areas, specifically targeting farmers, small and marginal farmers, agricultural laborers, and rural artisans.This study focuses on evaluating the impact of RRBs on agriculture and allied sectors in the country. The study begins by conducting a comprehensive review of existing literature on the subject, examining previous research and studies that have explored the role of RRBs in promoting agricultural growth and rural development. This literature review serves as a foundation for understanding the significance of RRBs in providing financial services, particularly credit, to individuals involved in agriculture and allied sectors. One of the key findings highlighted in the study is the crucial role played by RRBs in providing access to financialservices for farmers and individuals engaged in agriculture. By extending credit facilities, RRBs facilitate investments in agricultural inputs, machinery, and technology, thus contributing to improved agricultural productivity. Access to credit also enables farmers to adopt modern farming techniques, leading to enhanced income levels, diversification of agricultural activities, and value addition. The study delves into the interrelationships between RRBs, agriculture, and allied sectors. It examines how RRBs contribute to agricultural development by supporting various aspects such as irrigation, mechanization, livestock development, and marketing of agricultural produce. By providing financial assistance and advisory services, RRBs help farmers overcome challenges and seize opportunities for growth and diversification. Impact on agriculture, the study also acknowledges the contribution of RRBs to rural development and poverty alleviation. By promoting financial inclusion and entrepreneurship in rural areas, RRBs play a vital role in empowering rural communities, enhancing employment opportunities, and reducing poverty levels. The study emphasizes the importance of policy measures and institutional support to strengthen RRBs and maximize their effectiveness in fostering agricultural development and rural prosperity. The findings of this study underscore the significant role played by RRBs in supporting agriculture and allied sectors in India. By providing access to financial services, particularly credit, RRBs contribute to agricultural growth, improved productivity, income generation, diversification, and value addition. Furthermore, RRBs contribute to rural development and poverty alleviation by empowering rural communities and enhancing livelihoods. The study underscores the need for continued policy focus and institutional support to further enhance the impact of RRBs in fostering agricultural development and improving the overall well-being of rural communities.

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