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The three types of rural banks are:

  1. Regional Rural Banks (RRBs): Established to provide credit and develop the rural economy, these banks serve specific regions and focus on agricultural and rural development.

  2. Cooperative Banks: These are member-owned institutions that provide financial services to their members, primarily in rural areas, emphasizing agriculture and small-scale industries.

  3. Grameen Banks: Originating from microfinance initiatives, these banks offer small loans to the rural poor, primarily women, to promote self-employment and entrepreneurship.

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1mo ago

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