Dearth of Capital
- Lack of credit is one of the most pressing issues that hinders rural population’s progress.
- As commercial banks are not present in remote locations, where agriculture is supposed to thrive, it becomes an important limitation as the rural population has a strong dependence on it.
- Co-operative banks which have been set up previously were also doomed to fail as a result of bad loans and a lack of funds.
- As the farmers do not get access to institutional credit, they turn towards informal moneylenders who demand exorbitant interest rate and farmers get trapped in huge debt, ultimately forcing him to end his life. ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economic Development
- 1 Strengthening MSMEs: Challenges & Opportunities
- 2 Need for Reforms in Agricultural Marketing
- 3 Reforming the PDS for Better Nutrition
- 4 Monetary Policy & Poverty Alleviation: Challenges and Suggestions
- 5 Public Debt Management: Challenges and Way Forward
- 6 India's Agri-Subsidy and WTO Norms
- 7 FRBM Act: Fiscal Prudence vs. Contingent Compulsions
- 8 Regulation of Pharma Sector in India
- 9 Indian Discoms: Challenges and Suggestions
- 10 Critical Minerals for India
