BANKING AFFAIRS

Detailed explanation-1: -They were created to serve rural areas with basic banking and financial services. However, RRBs also have urban branches. The area of operation is limited to the area notified by the government of India covering, and it covers one or more districts in the State.

Detailed explanation-2: -Automatic Refinance Scheme (ARF)

Detailed explanation-3: -ST(Others): Under this scheme, short-term refinance is provided to State Co-operative Banks, Regional Rural Banks and Small Finance Banks, for purposes other than seasonal agricultural operations such as rural marketing, fisheries sector, workingcapital for MSME, social infrastructure projects, etc.