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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
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?
Which one of the following is not a non-institutional source of credit?
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.
What are the steps taken by the government in developing rural markets?
Discuss briefly the importance of micro-credit programmes in rural development.
Explain the importance of credit availability to farmers in rural development.
Rural people need credit primarily for which of the following purposes?
Which exploitative practices were traditionally associated with moneylenders in rural credit?
After 1969, which approach did the government adopt to meet rural credit needs?
Which set correctly lists the agencies involved in the multi-agency approach to rural credit?
Which of the following is NOT a function of NABARD?
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?
Which statement best captures the critical appraisal of rural banking in India?
