Asia’s Richest Village: A Village in Gujarat where Residents holds 7,000 Crore in Fixed Deposits

A village situated in Gujarat is the richest village of Asia. When we think of a wealthy place, we have first thought of cities like Dubai, Singapore, Bangalore or Mumbai are the bustling cities that first comes to our mind. But we are wrong, a village situated in Gujarat is Asia’s Richest Village, having an estimated population around 32000. Residents in this village hold “Rs 7,000 Crore” in fixed deposit.

Let’s explore Asia’s richest amazing village as its story motivates us about the life lessons particularly about the valuable lessons in financial discipline, wealth creation and other important things like their development, strong community bond, rural life and its connectivity with all over the global markets.

Asia’s Richest Village situated in Gujarat:

Madhapar situated in the outskirts of Bhuj, Gujarat is Asia’s richest village having population approximately 32000 residents. It sounds unbelievable because of its size, but the village has accumulated a great amount of wealth. As per the reports the village collectively holds fixed deposits over “Rs 7,000 crores in the bank accounts of Madhapar. This village has around 17 local banks.

Source of Wealth:

Now the question arises in our mind, how this modest size village became Asia’s richest village. The answer is the contributions from Non-Resident Indian (NRI) families. As per the reports around 1200 families from Madhapar migrated abroad, in countries like the United States, United Kingdom, New Zealand, African countries, which is the reason this village is known as a financial powerhouse and became Asia’s richest village.

Basically they have migrated abroad but their emotions and economic footprints are deeply connected and rooted with their hometown. Instead of investing their money abroad they have chosen to invest their hard earned money into Madhapar’s banks and post offices.

Banking and Its Infrastructure:

Madhapar contains a very modest size of population. But this village has 17 banks, consisting of private and public institutions. This village has major banks like SBI, HDFC, ICICI, Axis and PNB bank. Though the population is less, the wealth of this village is far more than imagined.

As the deposits are growing day by day, the overall economy of the village is also growing and hence leading to growth in the financial hub, its infrastructure and overall growth of the village. This village has developed infrastructure, modern houses, schools and colleges, developed roads and healthcare.

Success behind Madhapar:

It’s a motivation for all of us, as the people of Madhapar, despite their migration to abroad they are still deeply connected and rooted to their hometown. Today the Madhapar village is recognized as Asia’s richest country and the credit wholly goes to the people who thought not to invest their money abroad or elsewhere and they kept on investing in the banks of their hometown.

This has made the village grow continuously in every area and making it a strong community and village to live in. They not only grew financially but their social bonds also grew by the time passed.

Most people in this village belong to the Patel community. Patels has always been known for their business ideas/mind and global connections. This helped a lot in the growth of this rural village making it a model for developments in rural areas.

Habit of Saving and Investment:

As we all know, prosperity and growth come with the habit of smart savings and investments. This is the thing which made this rural village an area recognized worldwide today. Success does not come overnight, same with this Asia’s richest village, the residents of Madhapar have a disciplined habit of savings and investments from decades, which is the result in front of us today.

Their growth and prosperity came with their disciplined savings and their strong bond with their village. Rather than spending their money impulsively, families of Madhapar have given priority to long term financial security. They trusted and believed in long term investment rather than small term investments and their sacrifices and a want of financial growth and freedom has led them here and the results are in front of us. This small habit has created a massive success altogether at a community level.

Set an Example for the Rural India:

We have seen villages or rural areas in past times with underdeveloped conditions with underdeveloped infrastructure, lack of resources and many more struggles and dependencies. But Madhapar has set an example and changed the mind-set of all the people worldwide about rural areas or villages.

It taught us that financial freedom, financial growth and prosperity is just not aligned or associated with urban or modern cities. With proper habits and disciplined savings and investments one can reach these heights or growth as well. It has broken the stereotypes about rural India. If Madhapar, a small village located near Bhuj, Gujarat can grow to this level and be recognized worldwide then every rural area can reach this level.

Lessons to be Learn from Madhapar:

1. Community Bond:

Community should come together and build a strong connection and can collectively grow as a prosper society together.

2. Disciplined smart savings and investments:

It is very important to be disciplined and consistent in savings and investment. With smart and long term vision one can get a significant amount of wealth overtime.

3. Rural areas can also grow, prosper and develop:

Madhapar has broken the stereotype about the growth only limited in urban areas or cities. With a proper mind-set, smart and consistent savings and strong social and community bond, rural areas can also grow and prosper tremendously.

4. Rooted with your hometown:

Migrations are seen common in every area be it cities or villages. Deep and emotional connection with your own hometown can help it grow. Migration is seen as a loss but Madhapar has set an example by showing deep connection with their roots and proved it to be a strength and reason to be known worldwide.

Conclusion:

When anyone heard the word Asia’s richest village, then a confusion arises a village can be richest but this amazing and motivational story of Madhapar has made us all feel proud and gave us motivation, how a small village with its discipline saving habits, community bond and deep rooted migrants have changed the picture of this village altogether.

The story of this Village has definitely inspired every one of us as an individual and the thought and vision of an individual towards their own city or village or the country in which they stay. If every individual becomes and has a mind-set the same as the people of migrants or residents of Madhapar then we can make our country a prosperous country altogether.