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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.
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?
______ 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?
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.
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.
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
