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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
Discuss the importance of credit in rural development.
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?
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?
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.
After 1969, which approach did the government adopt to meet rural credit needs?
In which year was NABARD established?
NABARD acts as the ______ for agriculture and rural credit in India.
What are Self-Help Groups (SHGs)?
Micro-credit provided through SHGs is a key tool for which objective?
Despite multi-agency efforts, which group of farmers often remains outside the formal credit system?
What is the status of coverage through micro-finance and SHGs in reaching rural borrowers?
What is the primary aim of the Jan-Dhan Yojana?
Which of the following are key benefits offered under the Jan-Dhan Yojana?
Why is better market access needed for farmers?
