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Abstract
Regional Rural Banks (RRBs) were set up as regional based and rural oriented institutions with capital contributed by Government of India, State Government and Sponsor Bank under the Regional Rural Banks Act, 1976. The basic objective of RRBs was to function as professionally managed alternative channel for credit dispensation to small and marginal farmers, agricultural labourers, socio- economically weaker section of population for development of agriculture, trade, commerce, small scale industry and other productive activities in rural areas. RRBs are expected to mobilise resources and deploy the same locally, thus playing a significant role in developing agriculture and rural economy