Discuss the importance of credit in rural development

Asked by admin @ 29/08/2021 in Economy viewed by 308 People

Answered by admin @ 29/08/2021

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✦ To realise higher productivity in agriculture adequate credit is required by agriculturist .

✦ The timely availability of credit helps in enhancing the confidence of the farmer has there is in gap between crop sowing and realisation of income after production .

✦ Credit from government Agencies helps in relieving the farmers from the burden of local money lenders and traders .

✦ That provides strong base for an efficient growth of agriculture sector .

✦ Credit enables the farmers to have faith in themselves as Indian agriculture, even after 59 years of independence ,is still dependent on the vagaries of monsoon .

Discuss the importance of credit in rural development

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