Study on Regional Rural Banks and their Impact on Poverty Reduction in India

• Author(s): Rahul Singh Gautam ; Venkata Mrudula Bhimavarapu ; Aashi Rawal
• Paper ID: 1703395
• Page: 221-229
• Published Date: 28-04-2022
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 5 Issue 10 April-2022

Abstract

The purpose of this research is to investigate the influence of regional rural banks on poverty reduction and rural development in India. We use secondary data from 29 Indian states and two union territories for three financial years, from 2018 to 2020. Panel data analysis (PDA) is used in this study to evaluate the hypothesis. Regional rural banks, as a result, have a favorable influence on poverty alleviation and rural development. According to the findings of this study, regional rural banks and the government should focus more on developing infrastructure and financial literacy. It is a critical component of regional rural banks and financial inclusion. These are both critical for poverty alleviation and rural development. It boasts remarkable economic growth and alleviates poverty by investing in infrastructure that enhances banking services.

Keywords

Regional Rural Banks, Poverty, Financial Inclusion, Rural development, Banking.

Citations

IRE Journals:
Rahul Singh Gautam , Venkata Mrudula Bhimavarapu , Aashi Rawal "Study on Regional Rural Banks and their Impact on Poverty Reduction in India" Iconic Research And Engineering Journals Volume 5 Issue 10 2022 Page 221-229

IEEE:
Rahul Singh Gautam , Venkata Mrudula Bhimavarapu , Aashi Rawal "Study on Regional Rural Banks and their Impact on Poverty Reduction in India" Iconic Research And Engineering Journals, 5(10)