Asia's Richest Village in Gujarat: Discover the Secrets to Its Prosperity

Post by: MANISH KUMAR

Madhapar, a village situated on the outskirts of Bhuj in Gujarat, has earned the title of Asia's "richest village," thanks to its staggering financial prosperity. Residents of this village, predominantly from the Patel community, collectively hold fixed deposits worth ₹7,000 crore, offering a glimpse into their considerable wealth.

Gujarat is renowned for being one of India’s leading business hubs, producing some of the nation's top industrialists. However, Madhapar's remarkable affluence illustrates that economic success isn't confined to urban areas. The village’s substantial wealth is a testament to its thriving community and strong financial foundations.

Madhapar's population has grown significantly, from around 17,000 in 2011 to approximately 32,000 today. This growth is accompanied by an unusual presence of 17 banks, including major public and private institutions such as HDFC Bank, SBI, PNB, Axis Bank, ICICI Bank, and Union Bank. The high number of banks in such a small village underscores the strong financial activity and interest in the area.

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The village’s wealth largely stems from its non-resident Indian (NRI) families, who deposit substantial amounts annually into local banks and post offices. Among its 20,000 households, approximately 1,200 families live abroad, with many residing in African countries, the UK, Australia, America, and New Zealand. These expatriates, particularly those involved in construction businesses in Central Africa, contribute significantly to the village’s prosperity by maintaining their financial ties and investments locally.

Despite the global presence of many of its residents, Madhapar remains a focal point for their wealth. Former District Panchayat President Parulben Kara highlighted that this financial engagement keeps the village economically vibrant and well-supported. 

Local infrastructure and amenities in Madhapar reflect its affluence. The village is well-equipped with essential services such as water, sanitation, and road facilities. It boasts a range of amenities, including bungalows, public and private schools, lakes, and temples, ensuring a high quality of life for its residents.

According to a local branch manager of a nationalized bank, the substantial deposits have significantly contributed to the village's prosperity. The robust banking presence and the continuous influx of funds from its NRI population have played a crucial role in Madhapar's economic success and development.

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