Impact of Utkal Grameen Bank Finance on rural Development in The Ganjam District of Odisha: An Empirical Study


Dr. Padmalochana Bisoyi, Associate Professor, M.A. (Eco.), M.B.A (Fin. & Mktg.), M.Phil., Ph.D.
S.B. Patil Institute of Management (Savitribai Phule Pune University) Nigdi Pradhikaran, Sector-26, Pune, Maharashtra, India.


Utkal Grameen Bank earlier known as Rushikulya Gramya Bankwas established on 14thFebruary, 1981 under the provision of the Section-3 of the Regional Rural Bank Act, 1976 with its head office at Berhampur,Odisha. The bank has been vigorously pursuing its socio-economic objectives and is committed to rural development by developing the small and marginal farmers, agricultural labourers, artisans and small entrepreneurs’.The study is descriptive in nature and makes use of primary data collected from the 331 beneficiaries of the bank. Systematic sampling is used for selecting the beneficiaries.For the analysis of data SPSS is used and for the verification of the hypotheses difference of mean test and chi-square test is used. The study finds and concludes that thebank has been making substantial contributions to the rural development of the district.