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Rural Development - Coggle Diagram
Rural Development
Key issues in Rural Development
Human Capital Formation
Development of Productive resources
Helps in
Increase productivity and income
Reduce strain on agriculture sector
Development of rural infrastructure
Helps in
Economic growth
Social Development
Land Reforms
Land Reforms
Technical Reforms
Reducing poverty
Generation of new employment opportunities
Rural Credit & it's source
Importance of Rural Credit
Promotes commercialization of agriculture
Helps finance farming inputs
Helps to stay out of vicious circle of poverty
Protects farmers against natural calamities
Classification
On basis of purpose: (i) Productive and (ii)Unproductive
On the basis of duration: (i)Short-term [6months to 15 months], (ii) Medium-term [15 months to 5 years] & (iii) Long-term [5 years to 20 years]
Sources of Rural Credit
Non Institutional: Money lenders, Traders, Landlords & Relatives
Institutional: Cooperative banks and cooperative credit societies, Commercial Banks, Regional Rural Banks & Land Development Banks
NABARD
Functions
Act as apex rural credit institute
Take necessary steps for improving the credit delivery system
Co-ordinate the rural financing activities
Microcredit
Kisan Credit Card
Poor women's bank
Meaning:
Actions and initiatives taken for the social and economic development of the rural or backward area
Aims:
Continuous rise in the standard of living of rural people