Advertisements
Advertisements
प्रश्न
Explain the importance of credit availability to farmers in rural development.
Advertisements
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.
APPEARS IN
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 ______.
______ is the apex body which coordinates the functioning of different financial institutions working for the expansion of rural credit.
The scheme of microfinance is extended through ______.
Which of the following falls under unorganized sector?
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 -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.
What is the importance of self-help groups (SHGS) in rural areas?
What are the steps taken by the government in developing rural markets?
Identify which of the following is a source of non-institutional credit in the rural areas of India.
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.
