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Rural Development in India
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This lesson covers the issues associated with rural development. It is very important to understand the development of rural areas in order to understand the India's overall development. This lesson focuses on the credit and marketing system of rural areas. It also looks into the various productive activities which can provide employment to rural people

Apurva Jha
B.Sc (EMS), MA(Applied Economics), Public speaker, nail art designer. Reading books, listening music, singing and watching movies.

U
Unacademy user
RBI has put in place some trigger points to assess, monitor, control and take corrective actions on banks which are weak and troubled. The process or mechanism under which such ac tions are taken is known as Prompt Corrective Action, or PCA.
Madam.. while listening subtopics like "Horticulture"- you mentioned 6% contribution to GDP & you Spoke 16%..Then what is correct and what is wrong??..plz do clear us..
You told in your slide that NABARD was estb. in 1972 which is incrrct.It was set up in 1982. Mam your lessons r awsome. plz reply so that i will know u read my comment....
Apurva Jha
2 years ago
You are right. It was set up in 1982
Anjesh Kumar
2 years ago
thnq mam..
Anjesh Kumar
2 years ago
w8ing for your ncert class 12 economics
NABARD was established in 1982
First of all thanku mam for creating this awesome course. Mam i am not able to find course on class 12 ncert book of economics plzzz make one course on class 12
mam ur classes are very nice. look forward for 12th ncert classes...
  1. ABOUT ME NAME- APURVA JHA GRADUATED IN ECONOMICS. MATHS AND STATISTICS MASTERS IN APPLIED ECONOMICS FROM CHRIST UNIVERSITY BANGALORE HOBBIES- WATCHING MOVIES, READING BO0KS, COOKING RATE, REVIEW AND RECOMMEND


  2. CHAPTER 6 RURAL DEVELOPMENT


  3. OBJECTIVES Rural development and the major issues associated with it How crucial the rural development is for India's overall development Critical role of credit and marketing systems in rural development Importance of diversification of productive activities to sustain livelihoods Significance of organic farming in sustainable development


  4. RURAL DEVELOPMENT ???? . Focuses on the development of areas that are lagging behind in the overall development of village economy . Some of these areas are i. Development of human resources Literacy, education and skill development Heath (addresses both sanitation and public health) ii. Land Reforms iii. Development of productive resources iv. Infrastructure development (Electricity, irrigation credit, marketing and transport facilities, agricultural research) Special measures for alleviation of poverty. v.


  5. CREDIT IN RURAL AREAS . Growth of rural economy depends on capital to achieve higher productivity in agricultural and non-agricultural sectors. . Long time gap between crop sowing and realisation of income . Farmers have to borrow for both agricultural and non agricultural activities. During the Time of Independence, moneylenders and traders used to lend to the farmers Debt Trap 1969, India adopted social banking (SHGs) and multi-agency (commercial banks, regional rural banks, cooperatives and land development banks) 1972, NABARD> to coordinate the activities of all institutions involved in the rural financing system Green Revolution- diversification of the portfolio of rural credit towards production- oriented lending.


  6. MICRO CREDIT PROGRAMMES 2 ways in which SHGs work > SHGs collect minimum contribution from each member . Pooled money credit is given to the needy members (low interest rates, small instalments) Banks provide loans to SHGs SHGs decide whom to lend this money 2003 More than 7 lakhs SHGs had been credit linked


  7. RURAL BANKING CRITICAL APPRAISAL POSITIVE IMPACT Expansion of banking system had a positive effect on rural farm and non farm output, income and employment Green Revolution Variety of loans were provided Food security LIMITATIONS Banks have failed to develop a culture of deposit mobilisation Default rates are high Farmers are deliberately refusing to pay back loans SUGGESTIONS . Build relationship with the borrower . Saving habits and efficient utilisation of financial resources


  8. AGRICULTURAL MARKET SYSTEM Measures to improve marketing aspect i. Regulating markets to create orderly and transparent marketing condition i. Provide physical infrastructure ii. Cooperative marketing(No middlemen) iv. Policy instruments Assurance of MSP for agricultural products Buffer stocks of wheat and rice by FCI Distribution of food grains and sugar through PDS


  9. ALTERNATE MARKETING CHANNELS FARMERS CONSUMER Increase Income Apni Mandi (Punjab, Haryana, Rajasthan) Hadaspur Mandi (Pune) Rythu Bazar (AP and Telangana) Uzhavar Sandies (TN) . Multi National Fast Food Chains *They provide good quality inputs to the farmers * Assure procurement of the produce at pre determined prices


  10. DIVERSIFICATION INTO PRODUCTIVE ACTIVITIES Agro processing industries, food processing industries, leather industry, tourism etc. Traditional home based industries such as pottery, crafts, handlooms etc.. TANWA- Tamil Nadu Women in Agriculture in women in latest agricultural techniques Tra ANIMAL HUSBANDRY -Farming community is mixed crop-livestock farming system Increased stability in income, food security, transport, fuel and nutrition Provides livelihood to over 70 million farmers including women