History of Bangiya Gramin Vikash Bank

Hii sir, I Wants to know About the History of the Bangiya Gramin Vikash Bank Will you Please provide It ?

[shikha]

Bangiya Gramin Vikash Bank (BGVB) is a premier Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by United Bank of India.

History of Bangiya Gramin Vikash Bank

Agriculture and rural sectors play an important role in India s overall development strategy in terms of income and employment generation and poverty alleviation.

Great significance has, therefore, been accorded to developing appropriate institutions and mechanisms for catering to the credit requirements of these sectors.

Government of India promoted Regional Rural Banks (RRBs) through the RRBs Act of 1976 to bridge the gap in the flow of credit to the rural poor.

The RRBs have a special place in the multi-agency approach adopted to provide agricultural and rural credit in India. These banks are state-sponsored, regionally-based and rural-oriented.