Economics · Indian Economy
What was the primary objective behind setting up Regional Rural Banks (RRBs) in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To facilitate foreign exchange and trade finance for rural exporters
- 2To cater to the credit needs of small farmers, agricultural laborers, and artisans in rural areas✓
- 3To expand corporate banking services in metropolitan areas
- 4To provide institutional credit exclusively to large-scale agro-industries
Correct answer
To cater to the credit needs of small farmers, agricultural laborers, and artisans in rural areas
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