Asia's richest village is located in THIS country, villagers hold Rs 7000 crore in bank deposits, their income comes from…, not in China, Korea or Japan, it is in…
Asia's richest village is located in THIS country, villagers hold Rs 7000 crore in bank deposits, their income comes from…, not in China, Korea or Japan, it is in…
This village also has many bungalows, government and private schools, colleges, health centers, temples, and even lakes. The lifestyle and development here are better than many small towns in India.
By Analiza Pathak Edited by Analiza Pathak
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Asia's richest village is located in THIS country, villagers hold Rs 7000 crore in bank deposits, their income comes from..., not in China, Korea or Japan, it is in...
Whenever we think of a village, a certain picture forms in our mind that includes mud houses, dusty roads, handpumps, bullock carts, and farmers working in the fields. We often imagine villages without electricity, far away from proper roads, with old men smoking hookah and women and children walking long distances to fetch water. But what if we told you that not all villages look like this anymore?
Here we are talking about the richest village in Asia and you might be already guessing it is in China, Japan, or South Korea but no, it is right here in India. And it is not even in rich states like Delhi, Haryana, or Punjab but the village is in Gujarat and is located in the Bhuj district.
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Today, this village is nothing like the typical image we carry in our minds. It stands as a shining example of change and progress, breaking all the old ideas people have about what a village looks like. Let's find out what makes this village so special.
The Village with Rs. 7000 crore in fixed deposits
The village is called Madhapar, and it is known as Asia's richest village.
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With a population of around 32,000 people, Madhapar isn't just rich in culture it is rich in money too. The most surprising fact? This village has a whopping Rs. 7,000 crore in fixed deposits in various banks!
Madhapar has around 20,000 houses, and most of the residents belong to the Patel community. What's even more impressive is the number of banks in this one village. You'll find branches of SBI, ICICI, HDFC, Punjab National Bank, Axis Bank, Union Bank, and more. In total, there are 15+ bank branches in this village alone.
Many other banks across India, both government and private, are eager to open branches in Madhapar too. How Madhapar became the richest village in Asia
Madhapar is known as Asia's richest village and a big reason behind this is its people living abroad. Around 65 per cent of the village's population are NRIs (Non-Resident Indians). These families send crores of rupees every year back to their hometown. Most of the money goes into local banks and post offices in Madhapar.
Out of the 20,000 homes in the village, around 1,200 families live in foreign countries. Many of them are settled in African nations, where they have strong businesses, especially in construction. Others live in the U.S., U.K., Canada, Australia, and New Zealand.
Even though they live abroad, they haven't forgotten their roots. They stay connected with the village and are constantly helping improve it in every way they can. According to a report in The Economic Times, Parulben Kara, head of the local district panchayat, said that these NRIs prefer keeping their savings in Madhapar's banks instead of foreign ones. They trust and value their village that much. Facilities that even cities envy
The manager of a national bank branch in the village says that all this wealth from NRIs has made Madhapar rich. He shared that the village has clean water, proper roads, and excellent sanitation.
Madhapar also has many bungalows, government and private schools, colleges, health centers, temples, and even lakes. The lifestyle and development here are better than many small towns in India.
To stay connected with one another and promote their village's image abroad, people from Madhapar living in the U.K. even created a group called the Madhapar Village Association in London. It helps strengthen community ties and shares the pride of their home village with the world.
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