Class 11 Economics - Indian Economic Development - Chapter Rural Development NCERT Solutions | Critically evaluate the role of the rura
Critically evaluate the role of the rural banking system in the process of rural development in India.
With the nationalisation of the commercial banks after 1969, the concept of social banking came into existence. It implies extending institutional credit at moderate rate of interest. The National Bank for Agricultural and Rural Development (NABARD) has made a significant progress in the field of rural credit. It cannot be denied that the institutional credit has freed the farmers from the trap of money lenders and mahajans. But, on the other hand, institutional credit is not free from deficiencies. The rural or institutional credit has invariably been associated with security or collateral. Consequently, a substantial number of farmers cannot avail credit. Also, the commercial banks failed to encourage the habit of thrift among farmers. In addition to this, the leniency on the part of the government to collect taxes was another setback in the rural banking. This further led to the emergence of the feeling among the farmers of not repaying the borrowed amount. This increased the defaulter's rate and led to financial unfeasibility for the rural banks.
More Questions From Class 11 Economics - Indian Economic Development - Chapter Rural Development
- Q:-
Explain the steps taken by the government in developing rural markets.
- Q:-
Distinguish between ‘Green Revolution’ and ‘Golden Revolution’.
- Q:-
Why is agricultural diversification essential for sustainable livelihoods?
- Q:-
Discuss the importance of credit in rural development.
- Q:-
Bring out the importance of animal husbandry, fisheries and horticulture as a source of diversification.
- Q:-
Explain the role of micro-credit in meeting credit requirements of the poor.
- Q:-
What do you mean by rural development? Bring out the key issues in rural development.
- Q:-
What is organic farming and how does it promote sustainable development?
- Q:-
Explain the role of non-farm employment in promoting rural diversification.
- Q:-
Identify the benefits and limitations of organic farming.
Popular Questions of Class 11 Economics - Indian Economic Development
- Q:-
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
- Q:-
What are the two major sources of human capital in a country?
- Q:-
Define a plan?
- Q:-
Who is a worker?
- Q:-
Explain the term ‘infrastructure’.
- Q:-
What is meant by environment?
- Q:-
Why are regional and economic groupings formed?
- Q:-
Why were reforms introduced in India?
- Q:-
Why calorie-based norm is not adequate to identify the poor?
- Q:-
Name some notable economists who estimated India’s per capita income during the colonial period?
Recently Viewed Questions of Class 11 Economics - Indian Economic Development
- Q:-
Fill in the blanks
(a) First Five Year Plan of ________________ commenced in the year 1956. (Pakistan/China)
(b) Maternal mortality rate is high in _____________. (China/Pakistan)
(c) Proportion of people below poverty line is more in __________. (India/Pakistan)
(d) Reforms in ______________ were introduced in 1978. (China/Pakistan) - Q:-
Mention the various indicators of human development.
- Q:-
Why is it necessary to became a member of WTO?
- Q:-
Evaluate the various factors that led to the rapid growth in economic development in China.
- Q:-
How do infrastructure facilities boost production?
- Q:-
Why was the public sector given a leading role in industrial development during the planning period?
- Q:-
Define a plan?
- Q:-
Why should plans have goals?
- Q:-
Give two instances of
(a) Overuse of environmental resources
(b) Misuse of environmental resources. - Q:-
How has women’s health become a matter of great concern?
- All Chapters Of Class 11 Economics - Indian Economic Development
- All Subjects Of Class 11