Which of the following statements regarding the ‘One State, One RRB’ plan is INCORRECT?
1
The number of Regional Rural Banks (RRBs) in India has been reduced from 43 to 28 under the 'One State, One RRB' plan.
2
Under the plan, 26 RRBs from 26 states and 2 Union Territories have been merged to improve operational efficiency and governance.
3
Each new merged RRB will be fully sponsored by NABARD to ensure stability and guidance.
4
The 'One State, One RRB' plan is the fourth phase of Regional Rural Bank consolidation, aimed at rationalizing costs and improving service delivery.
5
Question Not Attempted