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प्रश्न
Explain the importance of credit availability to farmers in rural development.
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उत्तर
- Growth of agricultural sector: Farmers are encouraged to invest in agricultural activities by making credit available to them for the purchase of seeds, insecticides, tractors, and equipment. It increases agricultural production not only for subsistence crops but also for cash crops.
- Development of infrastructure: Credit facilities increase agricultural output. It encourages the government to provide improved infrastructure for farmers, such as better irrigation, better roads, power, and godown facilities.
- Balanced regional growth: If the agricultural industry and infrastructure develop in rural areas, it supports balanced regional growth and solves the problem of rural-urban migration.
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संबंधित प्रश्न
Critically evaluate the role of the rural banking system in the process of rural development in India.
When was the National Bank for Agricultural and Rural Development set up?
______ is the apex body which coordinates the functioning of different financial institutions working for the expansion of rural credit.
Which one of the following is not a non-institutional source of credit?
14 major commercial banks were nationalised in ______.
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.
Read the following statements -Assertion (A) and Reason(R), Choose one of the correct alternatives given below:
Assertion (A): Since the default rates of farm loans have become chronically high due to multiple reasons, the rural banks are facing a lot of cash crunch.
Reason(R): Due to lack of proper storage facilities a lot of farm produce is wasted.
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?
Identify which of the following is a source of non-institutional credit in the rural areas of India.
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
State and elaborate whether the following statement is true or false, with valid arguments:
Jan-Dhan Yojana has been a crucial step for financial resource mobilization in the Indian economy.
______ is the apex institution which plans and evaluates policies related to rural credit needs.
