Asian Journal of Management and Commerce
2021, Vol. 2, Issue 1, Part A
Rural development through changing finance pattern of financial institutions
Author(s): Dr. Raman Kumar Jha
Abstract: Business is run with money, and mostly with borrowed money. Rural sectors are no exception. Rather the necessity for loan is greater on the part of the Indian cultivator because of their peculiar conditions under which his business of farming is conducted. In this context role of Financial institutions plays an indispensable job, particularly in such place where there is uncertainty of crops the smallness of his holdings, rain fed forming, indebtedness of small farmers. The entry of commercial Banks into the field of agricultural and rural finance is of recent origin. The assignment of a bigger and challenging role to Commercial banks in agricultural and rural development the institutional structure of rural credit importance of agriculture in Indian economy form this point of commercial banks finance to economy from this point of commercial banks finance to agriculture was in adequate. In India, the history of rural credit, poverty alleviation and Micro Finance are inextricably interwoven. The forces and compulsions that shaped the initiatives in these areas are best understood in context of state and banking policy over time.
Pages: 17-20 | Views: 122 | Downloads: 34
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How to cite this article:
Dr. Raman Kumar Jha. Rural development through changing finance pattern of financial institutions. Asian J Manage Commerce 2021;2(1):17-20.