Abstract
Commercial banks serve as vehicle to implement government schemes in Rural Development by RBI. In last few decades a number of bank branches have increased in India. A substantial increase has been attained by the banking of unbanked population in rural areas. In India the prime objective is Rural development with aim to expand the branch placement in unbanked locations. The next objective is to skew lending towards priority sectors. Policies were framed to change the composition of credit to carter those groups which were not covered in the past by formal financing. Though the outreach of banks in the state has been restricted for some reasons but focus and efforts of government initiatives has shown a remarkable progress in the state by launching various innovative schemes and the contribution made by the banks to its success. However, much still needs to be done to improve the lot of rural people. The benefits of a fairly higher growth in income in Uttarakhand has yet to reach to hill districts of the state, which are predominantly agrarian with extremely low levels of productivity.
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