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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
Explain the role of microcredit in meeting credit requirements of the poor.
______ 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 one of the following is not a non-institutional source of credit?
Which of the following falls under unorganized sector?
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.
What are the steps taken by the government in developing rural markets?
Rural people need credit primarily for which of the following purposes?
Which exploitative practices were traditionally associated with moneylenders in rural credit?
Through which institutions does NABARD provide credit to farmers?
Which of the following is NOT a function of NABARD?
What are Self-Help Groups (SHGs)?
How do SHGs primarily benefit the rural poor with respect to informal credit sources?
Under the Jan-Dhan Yojana, the wages of which government programme can be directly transferred into beneficiaries' bank accounts?
What challenge do farmers face in the context of rural marketing?
Why is better market access needed for farmers?
