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State the current position of money market in Madhya Pradesh.

In finance parlance, the currency market refers to the global financial market for borrowing and lending short-term debt. It provides short term cash / liquidity funding for the global financial system. The money market is where short term tenure obligations such as treasury bills, commercial paper / paper and bankers' approvals etc. are bought and sold. The money market consists of financial institutions and money or credit dealers, who either undertake borrowing or lending. Participants borrow or lend for a short period, usually up to thirteen months. Money market trading of short-term financial instruments is commonly called "paper". This is in contrast to the relatively long-term capital capital market, which is supplied by bonds and shares.

There are banks in the money market and origin, which borrow and lend to each other using commercial paper, repurchase agreements and similar instruments. In fact, the money market is a center where monetary assets or securities of short-term nature (generally less than 1 year duration) are dealt.
The Reserve Bank controls the amount of liquidity in the economy through the money market. Money market is divided into two parts -

(1) Organized Money Market - Under this, the Reserve Bank, Commercial Bank, Cooperative Bank and Regional Rural Bank are the main ones.
(2) Unorganized Money Market - Under this comes the native bankers like money lender Mahajan etc. -
(i) M.P. The Reserve Bank has its main office in Bhopal and from here it controls all the money markets of the state.
(ii) M.P. The number of bank branches in the country is about 5641 and this number is continuously increasing.
(iii) Out of these bank branches, the branches of commercial banks in cities are about 1311 cooperative banks and 72 branches of Regional Rural Banks. The remaining branches are in rural and semi-urban areas.
(iv) There is a network of self-help groups in the state. E.g. Sanchi Dairy Association.
In conclusion, M.P. The money market is not yet fully developed, but government efforts are continuing.

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