Rural Credit: An Introduction (Hardcover)

Rural Credit Is Made Up Of The Following: One, Credit Disbursed By Commercial Banks, Regional Rural Banks And The Cooperative Banks And Credit Societies Constituting The Formal Sector; Two, Micro Credit Involving The Bank-Self Help Groups Linkage And The Microfinance Institution(Mfis); Three Credit Being Extended By The Banks Through Government Employment Generation Programmes Like Swarnajayanti Gram Swarozgar Yojana, Which Involves An Element Of Government Subsidu And Tour, Informal Credit Invoking The Rural Money Lenders, Friends And Relatives After The Nanalization In Banks In 1969, Priority Sector Lending Was Introduced Accounting For 40% Of The Net Bank Credit, Which Was Meant Predominantly For Small Scale Industries And Agriculture,With The Latter Accounting For 18% Of The Total Net Bank Credit. The Thrust Which Agriculture And The Rural Credit Sector Has Received After Bank Nationalization Was Gradually Withdrawn In The Post – Reforms Period After 1991-92. The Problems Of Money Lenders Who Kebt At Usurious Rates Of Interest, Which Had Been Somewhat Tackeld In The Year Of Social Banking, Again Surfaced. The Financial Sector And Banking Sector Reforms Have Meant That The Social Objectives Of Providing Credit To The Rural Sector In Particular The Income Poor And In Expanding The Role Of The In Total Credit Declined From 17.55% In 1993-92 To 14.09% In 2002-03.The Book Should Prove Useful To Scholars,Students Of Management,Economists Bank Officials And Ngos.