Question

Critically evaluate the role of the rural banking system in the process of rural development in India.

Answer 1

$\huge\red{{\mathfrak{HERE\: IS\: ANSWER}}}$

✱ Rural banking has played a crucial role in the process of rural development in India .

★ The National bank for agriculture and rural development (NABARD) has made a significant progress in the field of rural credit .

★ It cannot be denied that institutional credit has fixed the farmers from the trap of money lenders .

★ On the other hand, institutional credit is not free from defences.

★ The rural or institutional Credit has imariably been associated with securing or collateral .

★ Consequently a substantial number of farmers can't avail credit .

★ Also the commercial banks failed to encourage the habit of thrift among farmers .

Answer 2

Answer:

HEREISANSWER

✱ Rural banking has played a crucial role in the process of rural development in India .

★ The National bank for agriculture and rural development (NABARD) has made a significant progress in the field of rural credit .

★ It cannot be denied that institutional credit has fixed the farmers from the trap of money lenders .

★ On the other hand, institutional credit is not free from defences.

★ The rural or institutional Credit has imariably been associated with securing or collateral .

★ Consequently a substantial number of farmers can't avail credit .

★ Also the commercial banks failed to encourage the habit of thrift among farmers .