With 284 billionaires, india has the third-highest number of billionaires worldwide, after the US and China. However, did you know that the wealthiest village in Asia is not in South Korea, China, or Japan, but rather in our own nation? Indeed, the village in question is Madhapar, a tranquil little hamlet in Gujarat's kutch district that is home to roughly 32,000 people.
 
Reports state that Madhapar is the "richest village" in both india and Asia, with people having put fixed deposits of Rs 7000 crore in their banks.

Asia's Richest Village
About 32,000 people live in Madhapar, which is 200 kilometers from Porbandar, Gujarat, the birthplace of mahatma Gandhi. The patel group, which has contributed significantly to the growth and prosperity of their hometown, makes up the bulk of the population.
 
With smooth paved roads, a reliable water supply, a good sanitation system, schools, and healthcare facilities on par with many well-developed towns and small cities, Madhapar stands out as a model of sustainable rural development, even though the majority of rural india still lags behind its urban and semi-urban counterparts in terms of development. The hamlet also has several impressive temples.

Secret behind Madhapar's prosperity
With branches of almost all major banks, both government-owned and private, including well-known brands like hdfc bank, Union bank, ICICI bank, bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">state bank of india, punjab National bank, and Axis bank, Madhapar's robust banking infrastructure is the key to its success.
 
According to several reports, the village's residents have over Rs 7000 crore in fixed deposits spread across 17 banks, which shows how prosperous and financially stable the Madhapar people are. It also paints a picture of a thriving rural economy in the village that appears to be centered on the financial institutions located here.
 
Where does Madhapar's wealth come from?
Since almost 1200 families from Madhapar have left the hamlet and relocated abroad, the majority of them currently reside in African countries, media sources claim that foreign remittances account for a significant portion of the village's income.  These families have kept close ties to their hometown despite their migration abroad, and they deposit a sizable amount of their earnings in Madhapur's post offices and local banks.
 
By depositing thousands of crores in fixed deposits in the village's banks, these native sons and daughters, who are now making good money abroad, have made sure that their hometown never runs out of money and guaranteed Madhapar's financial independence, making it the richest village in india and all of Asia.
 
Madhapar's source of income
Agriculture is another significant source of Madhapur's riches, with mango, maize, and sugarcane being the main produce that is sold both locally and nationally, in addition to the significant financial contribution made by its nri residents. The majority of farmers in Madhapar are financially secure, and the region's economy is centered on agriculture, aside from the wealth of the NRIs.
 
Notably, madhapur locals who had left the hamlet established the Madhapar hamlet Association in london in 1968 in an effort to keep in touch with their fellow countrymen.  As a bridge, the association makes sure that the village and its international community stay connected and that the community keeps moving forward.