Rural Development

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Rural development is a comprehensive term that focuses on action for the development of areas that are lagging behind in the overall development of the village economy. It includes development of huma…

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Rural development is crucial because: 1) More than two-thirds of India's population depends on agriculture, 2) One-fourth of rural India still lives in abject poverty, 3) Agriculture sector needs to b…

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After 1969, India adopted social banking and multi-agency approach to adequately meet rural credit needs. This replaced the exploitative system of moneylenders and traders who charged high interest ra…

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NABARD (National Bank for Agriculture and Rural Development) was set up in 1982 as an apex body to coordinate the activities of all institutions involved in the rural financing system. It oversees com…

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SHGs promote thrift by minimum contribution from each member. From pooled money, credit is given to needy members repayable in small installments at reasonable interest rates. By May 2019, nearly 6 cr…

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Jan Dhan Yojana encourages all adults to open bank accounts. Benefits include: ₹1-2 lakh accidental insurance coverage, ₹10,000 overdraft facility, direct transfer of wages from MGNREGA and social sec…

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Agricultural marketing is a process involving assembling, storage, processing, transportation, packaging, grading, and distribution of different agricultural commodities across the country. It ensures…

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1) Regulation of markets to create orderly and transparent marketing conditions, 2) Provision of physical infrastructure (roads, railways, warehouses, cold storages), 3) Cooperative marketing for fair…