The Regional Rural Banks Act, 1976 was enacted to provide credit and other facilities to the rural poor in India. The Act established Regional Rural Banks (RRBs) which are jointly owned by the Government of India, the concerned State Government and the sponsor banks.

The ownership structure of Regional Rural Banks (RRBs) is as follows: Government of India (50%), State Government (25%), Sponsor Bank (25%).

The main functions of Regional Rural Banks (RRBs) include providing loans to farmers and other rural borrowers, accepting deposits from rural savers, and providing remittance facilities to rural areas.

Farmers, agricultural laborers, rural artisans, and other rural borrowers are eligible to borrow from a Regional Rural Bank (RRB).

There is no limit on the maximum loan amount that can be borrowed from a Regional Rural Bank (RRB).

The interest rate charged by Regional Rural Banks (RRBs) varies depending on the loan amount and purpose.

The repayment period for loans taken from a Regional Rural Bank (RRB) depends on the loan amount and purpose.

Identity proof, address proof, and income proof are required to apply for a loan from a Regional Rural Bank (RRB).

There are 400 Regional Rural Banks (RRBs) in India.

There are 20,000 branches of Regional Rural Banks (RRBs) in India.

The total deposit base of Regional Rural Banks (RRBs) in India is Rs. 3 lakh crore.

The total loan portfolio of Regional Rural Banks (RRBs) in India is Rs. 4 lakh crore.

The Reserve Bank of India (RBI) is the apex regulatory body for Regional Rural Banks (RRBs). RBI issues licenses to RRBs, conducts inspections of RRBs, and regulates their operations.

The National Bank for Agriculture and Rural Development (NABARD) provides financial assistance to RRBs, provides training to the staff of RRBs, conducts research on rural banking, and promotes the development of RRBs.

Regional Rural Banks (RRBs) face a number of challenges, including lack of capital, lack of skilled manpower, high operating costs, and competition from other banks.