Critically appraise Rural banking operations in the light of recent fa

1.	Critically appraise Rural banking operations in the light of recent farmers suicides in India.
Answer» Operation of rural banking had a positive effect on rural farm and non-farm output, income, and employment. Farmers were given a variety of loans for meeting production needs. This helped India to achieve food security and to gain a huge buffer stock of grains. However our banking system in the rural area could not meet all loan needs of the farmers. Some of the farmers still depend on local moneylenders. This system failed to develop a culture of deposit mobilization. Agriculture loan default was very high.

Critically appraise Rural banking operations in the light of recent farmers suicides in India.

Answer»

Operation of rural banking had a positive effect on rural farm and non-farm output, income, and employment. Farmers were given a variety of loans for meeting production needs. This helped India to achieve food security and to gain a huge buffer stock of grains.

However our banking system in the rural area could not meet all loan needs of the farmers. Some of the farmers still depend on local moneylenders. This system failed to develop a culture of deposit mobilization. Agriculture loan default was very high.

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