What Makes These 3 Gujarat Villages The Most Wealthiest In The Country

thynkfeed team

Three small villages in Gujarat – Madhapar, Baladia and Kera have 30 bank branches and 24 ATMs. Madhapar is home to 7,630 households has over Rs 5000 crore as bank deposits. Second in the list, Kera Village which is home to 1,863 families has a deposit of Rs 2000 crore. Lastly, Baladia which is home to 1,292 families, boasts of bank deposits worth Rs 2,000 crore.

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Image – bhaskar

The top three villages draw majority of deposits from a large number of non-resident Gujaratis (NRGs). While Kutchi Patels dominate Baladia and Madhapar, Kera has a vast number of Khoja community NRGs.According to a Dena Bank official, the district has NRI deposits of around Rs 9,181 crore, the second highest in the state after Ahmedabad. Bank deposits in Kutch total around Rs 24,353 crore. Residents of these villages are settled mostly in countries like Kenya, Uganda, Mozambique, Tanzania, South Africa, the UK and Australia.

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Image – thewanderer

Interestingly, those with high amount deposits also negotiate with banks for higher interest on their deposits. In many cases, banks also agree to pay them 0.25% or 0.5% more depending on the amount of deposits.

News Source – TOI

Featured Image – indiatvnews

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