2. MEANING OF RURAL DEVELOPMENT
RURAL DEVELOPMENT CAN BE DEFINED AS HELPING
RURAL PEOPLE SET PRIORITIES IN THEIR OWN
COMMUNITIES THROUGH EFFECTIVE AND DEMOCRARTIC
BODIES BY PROVIDING THE LOCAL CAPACITY ,INVESTMENT
IN BASIC INFRASTRUCTURE AND SOCIAL
SERVICES,JUSTICE,EQUITY AND SECURITY,DEAL WITH
INJUSTICES OF THE PAST AND ENSURING SAFETY AND
SECURITY OF THE RURAL POPULATION.
5. Growth of rural economy depends on infusion of capital,from
time to time,to realise higher productivity in agriculture and non
agricultural sectors.
As the time gestation between crop sowing and realisation of
income after production is quite long, farmers borrow from
various sources to meet their initial investments on seeds,
fertillisers, implements and other family expenses of marriage,
death etc.
6.
7. ROLE OF RURAL BANKING SYSTEM IN THE
PROCESS OF RURAL DEVELOPMENT