Gujarat is one of India’s top industrial destinations. The state has produced many of India’s prominent industrialists. However, this prosperity is not limited to Gujarat’s urban areas alone. Asia’s richest village is also located in Gujarat.
𝑴𝒂𝒅𝒉𝒂𝒑𝒂𝒓 𝒊𝒏 𝑲𝒖𝒕𝒄𝒉, 𝑮𝒖𝒋𝒂𝒓𝒂𝒕, 𝒊𝒔 𝒌𝒏𝒐𝒘𝒏 𝒂𝒔 𝑨𝒔𝒊𝒂’𝒔 𝒓𝒊𝒄𝒉𝒆𝒔𝒕 𝒗𝒊𝒍𝒍𝒂𝒈𝒆. The residents of this village have a total savings of 70 billion rupees. This gives an idea of just how wealthy the village is.
𝐓𝐡𝐞 𝐯𝐢𝐥𝐥𝐚𝐠𝐞 𝐡𝐚𝐬 𝟏𝟕 𝐛𝐚𝐧𝐤𝐬, 𝐰𝐢𝐭𝐡 𝐦𝐨𝐫𝐞 𝐨𝐩𝐞𝐧𝐢𝐧𝐠 𝐛𝐫𝐚𝐧𝐜𝐡𝐞𝐬.
Most of Madhapar’s residents belong to the Patel community. The village has a population of about 32,000. There are 17 private and government bank branches in the village, which is unusual for any village. Additionally, many other banks are attempting to open branches there.
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐫𝐞𝐚𝐬𝐨𝐧 𝐛𝐞𝐡𝐢𝐧𝐝 𝐭𝐡𝐞 𝐯𝐢𝐥𝐥𝐚𝐠𝐞’𝐬 𝐰𝐞𝐚𝐥𝐭𝐡?
The reason for this village’s wealth is the Non-Resident Indian (NRI) citizens from Gujarat. They send large sums of money from abroad, which the family members residing in the village deposit in the local banks.
Every year, the village accumulates millions of rupees. There are around 20,000 houses in the village, but about 1,200 families live abroad. Most family members are in African countries.
Gujarati people dominate the construction business in Central African countries. Some residents of this village also live in the UK, Australia, the US, and New Zealand. Even when all members of a family live abroad, they open accounts in the village’s bank branches and deposit money there.
According to a bank official in the village, the substantial savings in the bank’s fixed deposit accounts have contributed significantly to the village’s wealth.
The village has all basic amenities such as water, sanitation, and roads. The people are prosperous and content.
