The correct answer is (a). Regional Rural Banks (RRBs) were established in India in 1969. They were set up by the Government of India with the objective of providing banking services to the rural areas of the country. RRBs are sponsored by commercial banks and state governments. They are governed by a board of directors, which includes representatives of the sponsoring banks, the state government, and the Reserve Bank of India. RRBs offer a wide range of banking services, including savings accounts, loans, and remittances. They also provide financial assistance to small businesses and farmers. RRBs have played a significant role in promoting financial inclusion in rural India. They have helped to increase the number of bank accounts in rural areas and have provided access to credit to millions of people who were previously excluded from the formal banking system.
Option (b) is incorrect because RRBs were not established in 1975. Option (c) is incorrect because RRBs were not established in 1980. Option (d) is incorrect because RRBs were not established in 1982.