Credit plays a crucial role in rural development by providing farmers, small businesses, and individuals in rural areas with financial resources to invest in their activities, improve infrastructure, and stimulate economic growth. Access to credit enables rural communities to expand their businesses, increase productivity, and alleviate poverty by providing opportunities for development and advancement. Overall, credit serves as a catalyst for sustainable rural development by empowering individuals and communities to build a stronger economic foundation.
The role of credit in rural development is to provide financing for the construction of area properties. Credit can be obtained by individuals or by corporations.
Rural credit and marketing can revolutionize the rural scenario and can play a pivotal role in rural development. While urbanized banks are more inclined to extend credit to urban people, the rural banks, credit societies can assess the exact exact requirements of rural farmers, artisans and offer credit to them or co-operatives formed by them. This in fact help them tol become self-dependent and ensure their livlihood.
C. Krishnan has written: 'Role of rural banks in the rural development' -- subject(s): Agricultural credit, Banks and banking, Rural credit
development of women entrepreneurs and rural entrepreneurs
Josef Eschenbach has written: 'Rural broadcasting in Indonesia' -- subject(s): Radio broadcasting 'The role of broadcasting in rural communication' -- subject(s): Communication in rural development, Radio in rural development
Some key theories of rural development include the agricultural development theory, the livelihoods approach, and the human capital theory. These theories highlight different aspects such as the role of agriculture, sustainable livelihoods, and human resources in promoting rural development.
Mihir Kumar Roy has written: 'Role of banks in rural development' -- subject(s): Banks and banking, Rural development
As rural development officer and as a a agriculture extention officer
rural development is mandatory for a country. 1 step towards is to inculcate the habit of investing & saving they should create awareness that why savings is important .
Timothy Twomey has written: 'An evaluation of the Rural Resettlement Scheme and its role in community planning' -- subject(s): Rural development projects, Urban-rural migration
i want to do a research in the area of agriculture finance in developed countries
Devolution of power through Panchayat Raj system has revolutionized the rural India.Devolution of power from top to the grass root level, empower the rural masses with decision making process and helps in development of rural economy.