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Agriculture is a strictly seasonal occupation. Therefore, a farmer is dependent on inexpensive credit for inputs and machinery during sowing and harvesting season. However, he does not have any securities or possessions for collateral to finance a loan from the bank. Private moneylenders who ask for no collateral have high interest rates, which can initiate a debt-trap.
This is where farmer associations come in. Farmers pool their securities to finance a loan from institutions such as NABARD or SBI (State Bank of India). This large amount of loan raised is then divided among the members as per their needs. This also has the added benefit (from point of view of the bank) that their is low risk of default because the farmers are jointly responsible for repayment.
Other than this, associations facilitate mobility of farmers and pooling of fixed factors, as well as jointly procuring raw material and hiring transport services.
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Why Functional literacy is a tool for rural development?
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What is the latest order of madhyamik siksha kendra - Secondery Education Centers teachers under panchayet and rural development department of West Bengal?
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Is CRDB a commercial bank in Tanzania?
Yes, the Community and Rural Development Bank is a major government owned bank in Tanzania.
Discuss the role of small towns in rural development?
If rural development is to take place it will be in the small towns of America not in the top 100 major metropolitan areas. What spurs small town growth? The times, things are changing and rural America is about to benefit. Corporate giants are not growing they are in fact shrinking and the draw to the major metro areas of corporate jobs is shrinking with it. The Federal government is doing much to support this. A lot of the recent stimulus packages are going not to the corporate giants but to the rural areas and smaller companies. The USDA has a new program that offers financing on rural homes no down payment is required.
Why can India described as two Indias?
India is described as two India because of the difference in development and education level in Rural india and urban india. Still there is a large gap in the facilities between the rural and urban india.
Is rural development is important for nation development?
Yes, rural development is important for overall national development as it aims to improve the standard of living and quality of life in rural areas. It helps reduce disparities between urban and rural regions, enhances economic opportunities, promotes infrastructure development, and empowers rural communities to contribute effectively to the nation's progress.
When was Rural Reconstruction Association created?
Rural Reconstruction Association was created in 1926.
What would be a good sentence for rural?
The farmer lived on rural land.
What is National Rural Health Association's motto?
The motto of National Rural Health Association is 'To provide leadership on rural health issues'.
When was National Rural Health Association created?
National Rural Health Association was created in 1978.
What is rural development?
Rural development is the development of rural (outside cities) regions of a country, state or province.
What has the author Dennis Lewycky written?
Dennis Lewycky has written: 'Equal shares' -- subject(s): Case studies, Lentswe la Oodi Weavers (Association), Rural development, Textile cooperatives 'Oodi weavers' -- subject(s): Case studies, Lentswe la Oodi Weavers (Association), Rural development, Textile cooperatives
When was National Rural Letter Carriers' Association created?
National Rural Letter Carriers' Association was created in 1903.
What is the Role of bank in the development of rural areas?
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 .
do i qualify for a rural development grant i have a rural development loan on my house and i work.?
do i qualify for a rural development grant i have a rural devevlopment loan on my house and i work.
What are Consolidated farms?
The Consolidate Farm and Rural Development Act is to protect and improve farm income and farm prices, while increasing farmer participation in the development of farm programs. The act was started in 1961.
What is the role of youth in rural development?
The Role of Youth in Rural DevelopmentRole of youth in rural development is as role of farmer in field. Without farmer, his farm can not develop because, farmer is owner of that farm, and he has power to develop it. Like this youth has power to develop village. Villages are facing several problems like illiteracy, unemployment, reducing of moral character, bad habits and drinking. Youth can start social work in villages after this rural development is possible. For this a large number of young volunteers are needed for this work. They can also contribute for solving other problems and evils of villages. If every youth of village can take promise to give education to one illiterate village youth, whole village can become well educated. Real development of village is in its full education.
