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The Regional Rural Banks (RRBs) were established in which of the following Five-Year Plans to support rural banking?
3rd Five-Year Plan
4th Five-Year Plan
5th Five-Year Plan
6th Five-Year Plan
5th Five-Year Plan
Remember the Narasimham Committee (1975) was formed during the 5th Five-Year Plan period (1974-1979) specifically for rural credit structure.
Regional Rural Banks (RRBs) were established in India to promote banking and financial inclusion in rural areas.
Date┬аof┬аEstablishment=2┬аOctober┬а1975
Remember the Narasimham Committee (1975) was formed during the 5th Five-Year Plan period (1974-1979) specifically for rural credit structure.
Many students confuse RRBs with the Nationalization of Banks (1969) which occurred during the 4th Five-Year Plan.
Identify the timeframe
The 5th Five-Year Plan covered the period from 1974 to 1979.
1974тЙдPlan┬аDurationтЙд1979
Correlate RRB establishment
The Ordinance for the establishment of RRBs was promulgated on 26 September 1975, and the first bank (Prathama Bank) was set up on 2 October 1975.
1975тИИ[1974,1979]
Final verification
Since the year 1975 falls squarely within the 5th Five-Year Plan, Option C is the correct answer.
1974<1975<1979
C is correct because the Regional Rural Banks were established in 1975, which falls within the 5th Five-Year Plan (1974-1979).
Always link major economic reforms (like bank nationalization or RRBs) to the specific Five-Year Plan period by memorizing the start/end dates of the plans.
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