This Gujarat Village Is Asia's Richest
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A village in Gujarat has 17 banks that hold fixed deposits worth Rs 7,000 crore, making it one of Asia's richest villages
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This village is Madhapar, located in Kachchh on the outskirts of Gujarat's Bhuj
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Residents of the village hold fixed deposits worth Rs 7,000 crore, which gives a glimpse of how rich they are
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Madhapar is inhabited mostly by the Patel community. Its population is estimated to be around 32,000, up from 17,000 in 2011
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The village has 17 banks, including major public and private banks, which is rather unusual for one single village
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The reason behind the prosperity is its NRI (non-resident Indian) families, who deposit crores every year in local banks and post offices
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The village has nearly 20,000 houses, but around 1,200 families live abroad, mostly in African countries
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Though many villagers live and work abroad, they remain attached to their village and prefer to deposit money in the banks here
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ndtv.com