What is the primary aim of Regional Rural Banks in India?
Correct Answer :
Development of rural economy
Solution :
The correct option is Development of rural economy.
Explanation:
Regional Rural Banks (RRBs) were established in India under the provisions of the Regional Rural Banks Act, 1976. The primary objective of these banks is to develop the rural economy by providing credit and other facilities, particularly to small and marginal farmers, agricultural labourers, artisans, and small entrepreneurs in rural areas.
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