One State One RRB Plan
ECONOMY & POLICY

One State One RRB Plan

The Central government is set to roll out the “One State One Regional Rural Bank (RRB)” reform plan aimed at streamlining rural banking services across India. As part of this plan, 43 existing RRBs will be consolidated into 28, aligning each RRB with a specific state to ensure improved efficiency, operational coherence, and enhanced rural financial outreach. Led by the Ministry of Finance and supported by NABARD, the merger is expected to address overlapping jurisdictions and optimise resource use. The plan also aims to strengthen financial inclusion by enabling better governance, reducing duplication, and enhancing credit delivery mechanisms to rural populations.

States like Assam, Odisha, and Uttar Pradesh will be among the key beneficiaries, where multiple RRBs currently operate. The reform is designed to complement the government’s broader goals of digital banking penetration and streamlined rural lending.

Following the merger, each RRB will be sponsored by a public sector bank, in line with state-level cooperative banking strategies. The central government believes this restructuring will foster stronger financial institutions, reduce administrative overhead, and better align rural banking with national development priorities. Implementation is expected to begin soon with stakeholder consultations underway.

The Central government is set to roll out the “One State One Regional Rural Bank (RRB)” reform plan aimed at streamlining rural banking services across India. As part of this plan, 43 existing RRBs will be consolidated into 28, aligning each RRB with a specific state to ensure improved efficiency, operational coherence, and enhanced rural financial outreach. Led by the Ministry of Finance and supported by NABARD, the merger is expected to address overlapping jurisdictions and optimise resource use. The plan also aims to strengthen financial inclusion by enabling better governance, reducing duplication, and enhancing credit delivery mechanisms to rural populations. States like Assam, Odisha, and Uttar Pradesh will be among the key beneficiaries, where multiple RRBs currently operate. The reform is designed to complement the government’s broader goals of digital banking penetration and streamlined rural lending. Following the merger, each RRB will be sponsored by a public sector bank, in line with state-level cooperative banking strategies. The central government believes this restructuring will foster stronger financial institutions, reduce administrative overhead, and better align rural banking with national development priorities. Implementation is expected to begin soon with stakeholder consultations underway.

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?