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  • ICAR and TNAU E-Course Summarized

    Summarized Notes
  • Rural banking is the practice of providing banking services to those who live in rural locations. The rural banking system does NOT include which of the following banks?

    Question: Rural banking is the practice of providing banking services to those who live in rural locations. The rural banking system does NOT include which of the following banks?

    Options:

    World Bank
    Commercial banks
    Land development banks
    Gramin Bank

    🔑Key Points:
    Rural banking refers to providing banking services to individuals living in rural areas.
    Rural banking has become integral to the Indian financial markets with a majority of the Indian population still living in rural or semi-urban areas.

    🛑Important Points:
    Today, rural banking includes a set of various financial institutions, particularly regional rural banks (RRBs), cooperatives, commercial banks, self-help groups, and land development banks. 
    Rural economic growth generally depends on the funds from one interval to another to understand the high-rise productivity in non-agriculture and agriculture areas. 
    Farmers lend money from different fronts to match the primary investment on fertilizers, seeds, tools, and other personal expenses.

    🔴Additional Information:
    The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries to pursue capital projects.

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