Abstract: No doubt, commercial banks and co-operative banks have achieved a great success in the area of financing during the post independence period, but there exists a wide gap between demand and supply of rural credit. In order to bridge this gap a new a set of banks namely regional rural banks were introduced in banking sector of India. Their scope of rural financing has been expanding in terms of network of their branches as well as volume of financial transaction. Micro finance has tremendous strides in India over the last few years and it has become a house hold name in a view of multi prolonged benefits receivables from micro finance services by the poor in our country. Through this paper an attempt has been made to assess the role of RRBs in last few years focusing on their contribution in the field of micro financing. At the same time, the paper argues that in the economy as vast and varied as India, there is scope for diverse micro finance approach to co-exist in future.