The Narasimham committee on rural credit recommended the establishment of Regional Rural Banks (RRBs) assuming that they would be much better suited than the commercial banks or co-operative banks in meeting the needs of rural areas. Accepting the recommendations of the Narasimham committee, the Govt. of India passed the Regional Rural Banks Act, 1976. The main objective of RRBs is to provide credit and other facilities particularly to the small and marginal farmers, agricultural laborers, artisans and small entrepreneurs and develop agriculture, trade, commerce, industry and other productive activities bridging the credit gap in rural areas. Email id not found