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Role of regional rural banks credit in socio-economic development of farming community – A study in Mysore District Soma Nayaka S. Research Scholar, Department of Economics, University of Mysore, Mysore, India Online published on 29 October, 2013. Abstract Rural sector in India is getting recognition in the economic thinking for its economic potential. An overwhelming proportion of country's population still lives in the villages. There is no dearth of natural resources. A good quality land, mineral resources, forests, sub-soil and river water and other resources are adequately available. Manpower is underutilized. The areas which need attention are – technological innovations suitable for our villages, infrastructural development, improvement in power generation and its adequate supply to rural areas. Industrial policy should aim at balanced development, giving due importance to rural industries which might check the migration of rural population to urban areas. Investment pattern should be rural oriented. Though so many agencies are engaged in dealing with rural finance still it is lacking in one or the other ways. The study reveals that economic development of rural areas is still not upto the mark and needs special attention. Top Keywords Regional Rural Banks, Weaker Sections, Farming Community. Top | |
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