🎴 Flashcard Mode
The Regional Rural Banks Act, 1976
Card1 / 15
Mastered0
Review0
QuestionClick to flip
What was the primary objective of the Regional Rural Banks Act, 1976?
AnswerClick to flip back
A
To provide credit and other facilities to the rural poor.
💡 Explanation:
The Regional Rural Banks Act, 1976 was enacted to provide credit and other facilities to the rural poor in India. The Act established Regional Rural Banks (RRBs) which are jointly owned by the Government of India, the concerned State Government and the sponsor banks.