Madhapar: Asia’s richest village and symbol of Gujarat’s prosperity

Mumbai, considered the richest city in India and the financial hub of the nation, might be well-known, but how many people are aware of where Asia’s Richest Village is located? The Kutch region of Gujarat, which houses Asia’s Richest Village, suffered significant damage due to a recent earthquake. This village, known as Madhapar, is not only the richest village in India but also holds the title of Asia’s Richest Village. Residents in Bhuj have amassed fixed deposits totaling Rs 7,000 crore, held outside the district capital of Bhuj.

One of the best places in India to do business is Gujarat, a progressive state whose success has also reached villages. The number of Patel residents in Madhapar Village, comprises of about 32,000 people. The most remarkable feature of this village is that some 17 public and private banks are functional here.

It is, of course, that almost all of the families in this village are NRIs. The families who are living in foreign countries – most of them belong to the US, New Zealand, Australia, the UK, and other African and European countries – are depositing crores of Indian rupees in the banks that are serving the area.

It is thought that the community has 20,000 dwellings, while the number of families that are living overseas is 1,200. Those villagers who are not staying and working abroad but still, they entertain a close relationship with their hometown. They seem to have an appetite for saving and depositing money in the banks that are located in their community.

Besides the remarkable economic success, the villages are also provided with good access to these necessary facilities: clean water, sanitation, good roads, schools, temples, lakes, and parks and homes.

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