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प्रश्न
Critically evaluate the role of the rural banking system in the process of rural development in India.
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उत्तर
With the nationalisation of commercial banks after 1969, the concept of social banking came into existence. It implies extending institutional credit at a moderate rate of interest. The National Bank for Agricultural and Rural Development (NABARD) has made significant progress in the field of rural credit. It cannot be denied that institutional credit has freed the farmers from the trap of money lenders and Mahajans. But, on the other hand, institutional credit is not free from deficiencies. Rural or institutional credit has invariably been associated with security or collateral. Consequently, a substantial number of farmers cannot avail of credit. Also, the commercial banks failed to encourage the habit of thrift among farmers. In addition to this, the leniency on the part of the government to collect taxes was another setback in rural banking. This further led to the emergence of the feeling among the farmers of not repaying the borrowed amount. This increased the defaulter’s rate and led to financial unfeasibility for the rural banks.
संबंधित प्रश्न
Discuss the importance of credit in rural development.
Explain the role of microcredit in meeting credit requirements of the poor.
When was the National Bank for Agricultural and Rural Development set up?
Which of the following is an institutional source of rural credit?
Which source of credit had emerged to fully integrate the formal credit system into the overall rural social and community development?
The problems faced in rural banking are ______.
Which of the following falls under unorganized sector?
14 major commercial banks were nationalised in ______.
National Bank for Agricultural and Rural Development (NABARD) was set up in 1982 as a/the ____________ body to coordinate the activities of all institutions involved in the rural financing system.
Read the following statements carefully and choose the correct alternatives given below:
Statement 1 - The emergence of Self-Help Groups (SHG’s) ensured the reduction in the fissures of the formal credit system.
Statement 2 - The borrowings from SHGs are mainly confined to consumption purposes by their members.
Which is the apex institute at the national level which provides re-finance facilities to institutions engaged in providing rural credit?
What is the importance of self-help groups (SHGS) in rural areas?
Discuss briefly the importance of micro-credit programmes in rural development.
______ have emerged as an important micro finance system and led to women empowerment.
Micro credit programmes play a vital role in ensuring an overall development of the rural economy as they ______.
- provide financial support
- lead to women empowerment
- enhance the reach of formal credit system
______ is the apex institution which plans and evaluates policies related to rural credit needs.
Explain the importance of credit availability to farmers in rural development.
