Regional Rural Banks, set up to lend to small farmers, labourers and artisans, were first established in

Explanation

1. 01

   The first Regional Rural Banks were set up on 2 October 1975; the Regional Rural Banks Act followed in 1976.

2. 02

   Each is owned jointly by the Centre, the state government and a sponsor bank.

3. 03

   1969 is the first bank nationalisation and 1982 the founding of NABARD.