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Time of India
a day ago
- Business
- Time of India
World's richest village: 5000 Crores as bank deposits and more; What makes it so rich
It is likely unimaginable to think that a rural village could have thousands of crores of deposits in its banks situated in its muddy lanes. This is not just a kids tale from bedtime story, but a reality from a village in Gujarat! Far from fitting the typical image of a village, this small settlement in Gujarat's Kutch region pulses with unexpected financial strength and modern facilities. What makes the village exceptional isn't a sudden resource windfall, but the lasting relationship its residents maintain with their roots. Over the years, industrious Non‑Resident Indians (NRIs), particularly from the Patel community, have channeled their earned prosperity back into the village, not just for family upkeep, but to strengthen its very foundation. The richest village in the world ! Madhapar, a village in the Kutch district of Gujarat is often regarded as one of the richest villages globally when measured by bank deposits. With approximately 7,600 households and nearly 17 bank branches, the villagers collectively have deposited an astounding sum of around ₹5,000 crore. On average, the per-person deposit works out to about ₹15 lakh, according to a CNBCTV18 report. How did this small village become so financially strong A significant share of Madhapar's residents have family members living abroad, in the UK, USA, Canada, Africa, and Gulf nations, many of whom have established successful careers overseas. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Could This NEW Collagen Blend Finally Reduce Your Cellulite? Vitauthority Learn More Undo Rather than letting go of their roots, these NRIs consistently send money home, investing in education, healthcare, infrastructure, and community wellbeing. Adding to this connection, an organization called the Madhapar Village Association was established in London in 1968 to keep NRI families connected with their native village. There's even an office in the village to aid in the smooth communication, coordination, and community projects back home. Madhapur village has all the facilities Madhapar today has much more than bank branches. It has schools, colleges, health centres, gardens, lakes, and dams. There's even a modern gaushala cow shelter, amenities rarely expected in a rural setting. Village Madhapur (Photo: Kirat @X) Madhapar's roots go all the way back to the 12th century, when it was established by the Mistri community of Kutch, skilled artisans known for building temples and historical landmarks throughout Gujarat. Over time, people from various other communities also made Madhapar their home, making it diverse culturally. Beyond money, Madhapar embodies the combination of tradition and vision. Founded centuries ago by the Mistri community of Kutch, known for their craftsmanship and temple-building, the village has retained its cultural roots even as it embraces progress.
News18
7 days ago
- Business
- News18
World's Richest Village Is In India! Millionaire In Every Home, Rs 5,000 Crore In Local Banks
Last Updated: Madhapar, Gujarat – the world's richest village with Rs 5,000+ crore in bank deposits, modern amenities, and NRIs driving development while staying rooted to tradition When we think of a village, we often imagine mud huts, lush green fields, grazing cattle, women drawing water from wells, and the peaceful simplicity of rural life. However, there is one Indian village that breaks this conventional image entirely. Located in Gujarat, Madhapar is widely regarded as the richest village in the world, where every household is either a lakhpati or crorepati, and over Rs 5,000 crore is deposited in local banks. Situated in the Kutch district of Gujarat, Madhapar is home to approximately 92,000 residents and around 7,600 households. The village boasts 17 bank branches, which collectively hold more than Rs 5,000 crore in deposits, an amount that could rival the economy of a mid-sized city. The Secret Behind Its Prosperity So, how did Madhapar achieve such unprecedented success? The answer lies in its people. A significant number of Madhapar's families have relatives living abroad, particularly in the United Kingdom, the United States, Canada, Africa, and the Gulf countries. These non-resident Indians (NRIs) have earned considerable wealth through hard work and determination, and they have not turned their backs on their roots. Many of them continue to send money home, not just to support their families, but also to invest in the village's growth. They actively contribute to education, healthcare, infrastructure, and community welfare, helping transform Madhapar into a model village. A Legacy That Dates Back To The 12th Century Madhapar's origins can be traced back to the 12th century, when it was founded by the Mistri community of Kutch, renowned for constructing temples and historical landmarks across Gujarat. Over time, people from various communities have made the village their home, contributing to its rich cultural identity. Urban Amenities In A Rural Setting Far from being a typical village, Madhapar is equipped with modern facilities that surpass those found in many Indian cities. It has schools, colleges, hospitals, banks, parks, and well-maintained roads. The standard of living is remarkably high, and the village showcases what is possible when hard work meets vision. A Symbol Of Unity And Prosperity Madhapar is more than just a wealthy village, it is a shining example of how strong community ties, combined with global connections and a commitment to development, can create a place that redefines rural life. It stands as a symbol of prosperity, unity, and pride, not just for Gujarat, but for India as a whole. view comments First Published: August 11, 2025, 13:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
