One State–One Rural Bank Policy Implemented
Rajasthan Gramin Bank formed after merger of two RRBs
Udaipur: The Central Government has implemented the One State–One Rural Bank policy in 12 states, and the policy will be expanded further in the next phase. The initiative has been introduced to enhance operational efficiency of rural banks, reduce costs, expand credit availability, adopt new technologies, and ensure employment continuity for employees.
Under this policy in Rajasthan, Baroda Rajasthan Regional Rural Bank and Rajasthan Marudhara Gramin Bank have been merged to form the Rajasthan Gramin Bank (RGB).
This information was provided by Union Minister of State for Finance Pankaj Chaudhary in response to an unstarred question raised in Parliament by MP Dr. Mannalal Rawat. The Member of Parliament had sought details on whether the government had decided to implement the One State–One Rural Bank policy, the states where rural banks have been merged so far, and the expected impact of this consolidation on banking services, credit distribution, financial inclusion, and employment in rural areas.
The Minister informed that, guided by the One State–One Regional Rural Bank (RRB) principle, the government exercised powers under Section 23A of the Regional Rural Banks Act, 1976, and after consultation with state governments, NABARD, and sponsor banks, merged RRBs in 12 states and union territories. The objective is to achieve economies of scale, rationalize costs, increase capital strength, adopt technology, and improve visibility and branding.
As a result of the consolidation process, the total number of Regional Rural Banks in the country has been reduced from 43 to 28.
The merger under the One State–One RRB policy has been implemented in Andhra Pradesh, Bihar, Gujarat, Jammu and Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana, Uttar Pradesh, and West Bengal.
The minister further stated that this consolidation is expected to strengthen rural banking institutions and positively impact banking services, credit delivery, financial inclusion, and overall operational efficiency in rural areas.
साभार :
© CopyRight Pressnote.in | A Avid Web Solutions Venture.