Tag: growth of rural economy

As per the recommendations of the Working Group on Rural Banks, the regional rural banks were established in 1975 for supplementing the commercial banks and co-operatives in supplying rural credit.

Among landless rural labourers though the facilities like electricity and water, education to children is important but the primary goal would become to have more days of work with better wages

Rural development is the process of improving the quality of life and economic well-being of people living in rural areas.

Key issues in rural development includes Development of Infrastructure, Alleviation of Poverty, Land Reforms, development of education, employment etc

Minimum Support Price is the price at which government purchases crops from the farmers, whatever may be the price for the crops. Minimum Support Price is an important part of India’s agricultural price policy.

It is a form of market intervention by the Government of India to ensure agricultural producers against any sharp fall in farm prices.

Minimum support price was first observed for wheat.

NABARD was set up in the year 1982

NABARD stands for National Bank for Agriculture and Rural Development. This bank deals with matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India.

Its headquarters is located in Mumbai

After independence India tried to focus on development of industries, manufacturing and public sector. In order to attain economic growth this was necessary. It was also Jawaharlal Nehru's approach of development which focused more on the growth of urban industrial set up hence more focus was given to the urban areas. 

A new scheme named as “Suvarna Krishi Grama Yojana” or “Golden Agriculture Village Scheme” has been launched by the state Government of Karnataka with an aim to increase farmers income by 20% in one year. The scheme has been launched along with International Crops Research Institute for the Semi-Arid Tropics (ICRISAT).

The 73rd and 74th amendments have created uniformity in the structures of Panchayati Raj and Nagarpalika institutions across the country. The 73rd and 74th Amendments came into force in 1993.

Rural Local Governments (or Panchayat Raj Institutions)

• Zilla Panchayat
• Mandal Or Taluka Panchayats
• Gram Panchayats

The Kisan Credit Card (KCC) scheme introduced in August 1998 has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle-free manner.

PURA in the shorter version of Providing Urban amenities in Rural Areas to tackle the problem of migration of people from rural to urban areas for employment. It is the former President APJ Abdul Kalam, Who has proposed the concept of PURA in the VISION 2020 project initiated by him. Its objective is to make rural areas as attractive as cities are. This concept was presented by Dr. Kalam in Indian National Science Congress’s 90th conference in Chandigarh in January 2004. It’s goal and objectives are to provide India new heights and achievements, developed status and economy.