Abinaya.P Cholan.J Mohamed Ishok Sakthi Sundar Saranya.N Srinithya.M Vignesh Karthik.

Introduction
Cooperative bank- serving mostly the rural rich Commercial bank -mainly concentrated in urban areas Hence did not target the rural poor, To provide solution to the financial needs of the consumers in rural areas

Regional Rural Banks (RRBs)

Recommended by Narasimham committee in 1975. Initially, 5 RRBs sponsored by Syndicate Bank, SBI, PNB, UCB and UBI. The Government passed the Regional Rural Banks Act, 1976. The Central Government, State Governments and the Sponsor Banks hold the equity of RRBs in the ratio of 50:15:35 respectively.

Objective
Provide cheap and liberal credit facilities Save the rural poor from the moneylenders. Act as a catalyst element and thereby accelerate the economic growth. Cultivate the banking habits and mobilize savings Increase employment opportunities by encouraging trade and commerce. Encourage entrepreneurship in rural areas.

 Encourage entrepreneurship in rural areas. Cater the needs of the backward areas which are not covered by the other efforts of the Government. Develop the underdeveloped regions and thereby strive to remove economic disparity between regions.

Agricultural credit
The Agricultural credit given by RRBs may be grouped under 3 categories
Direct Agricultural Advances Allied Activities Indirect Agricultural Advances

Branches
At the end of June 1999, 196 RRBs are functioning in the countries The number of RRBs came down to 133 in 2006 At present there are 84 RRBs in the country Of the total, 75 RRBs were profit-making while the remaining seven had registered losses at the end of March 2011

Stages of Development
The performance of RRBs during the last 3 decades can be categorized into 3 phases as follows: 1975 - 1986 - Expansion Phase 1986 - 1995 - Declining Phase 1995 - 2006 - Turn Around Phase

RRB in TamilNadu
Pallavan Grama Bank: - On 31 August 2006 - Head quarters at Salem - Sponsered by Indian Bank - 130 Branches in 15 districts - Has Women Development Cell - Farmer club - Kisan Credit Card

Financial Inclusion Plans

Pallavan Seva Gram Pallavan Akshaya Pallavan Kathiroli Kanakku Shares: Government of India (50 %)- 100.00lakhs Government of Tamil Nadu (15 %)- 30.00lakhs Indian Bank (35 %)- 70.00lakhs

SERVICES
ATM Cards SMS Alerts Solar Powered Green Branch Introduction of Money Transfer Facility NEFT Facility at Pallavan Grama Bank

Pandiyan Grama Bank

A Scheduled Bank in the Public sector in INDIA under Regional Rural Banks Act 1976 On 9th March 1977 & sponsored by IOB Head Quarters at Virudhunagar Issued and Paid up Share Capital is Rs 1Crore It has 213 Branches with 5 Regional offices The Primary objective of the Bank is to finance farm & non-farm sectors

Achievements
Deposits crossed Rs 2497 Crores. Credit crossed Rs 3275 Crores. Operating profit of Rs 66.83 Crores. Disbursed a sum of Rs 4058 Crores during April 2011 to Mar 2012 for various farm & non-farm activities.

Puduvai Bharathiar Grama Bank

Established on 26.3.08 It sponsored by Indian Bank The bank has been given scheduled status by Reserve Bank of India Covers the entire Union Territory of Puducherry

Capital
The authorized capital of the Bank is Rs.500.00 lakhs and paid up capital is Rs.100.00lakhs Puduvai Bharathiar Grama Bank has 27 branches

Interest Rates Above 5 yrs 9%

Products DEPOSIT PRODUCTS LOAN PRODUCTS

The other Regional Rural Banks in India

HARCOBANK(Haryana State Cooperative Apex Bank Limited)- plays a vital role in rural banking providing aids and financing farmers, rural artisans, agricultural labourers, entrepreneurs, etc. in the state and giving service to its depositors. NABARD(National Bank for Agriculture and Rural Development)- to provide credit for the development and publicity of small scaled industries, handicrafts, rural crafts, village industries, cottage industries, agriculture, etc

Conclusion
The government has taken steps to improve welfare of rural people. Also provides low interest Accelerate the backbone of country