Impact of Regional Rural Banks on Haryana Economy

The Planning Commission has also appreciated the State Government of Haryana for the reform initiatives taken in various sectors. Haryana Per Capita Income is the highest amongst the large States in the Country. Haryana State displayed an achievement of raising 192 percent of the State resources as compared to the original projection. At the time of commencement of the 11th Five Year Plan (2007-12), the State had projected the resources at Rs 33,374 crore and against which Rs 64,123 crore were actually mobilized by the State. Under this study Impact of RRB's on the Haryana Economy is discussed by taking different indicators: priority sector loan disbursed, non priority sector loan disbursed, SC/ST loan disbursed, minorities loan disbursed, SF/MF/AL loan disbursed, self help groups, Kisan credit card, women development cell and farmer club etc & results are obtained by taking different statistical tools like t-test, Compound Growth Rate, standard deviation, Co-efficient of variation (C.V) etc. This study concludes that Gramin Banks in Haryana contributed very well to the development of rural sectors. The Gramin banks in Haryana were effective in reaching to the door steps of rural masses. The disbursement of loan and advances to priority sector, non priority sector, small farmers, marginal farmers, SC/ST was good. Gramin banks introduced and successfully executed various schemes and programs like debt swap schemes, Kisan credit card, corporate social responsibilities, health camps, village adoptions, awareness, and women empowerment etc for the development of the rural economy of the Haryana.