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Essay on rural banking in india

essay on rural banking in india

The concept of rural development is quite comprehensive and extensive. G. Shah defines rural development as “the development of rural areas, often rural development has meant the extension of irrigation facilities, expansion of electricity, improvement in the techniques of cultivation, construction of school building and provision of educational facilities, health care etc.”

Image Courtesy : youngsocialworker.files.wordpress.com/2010/06/development1.jpg

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This is considered to be a lop-sided view of understanding rural development. Of late, rural development signifies a complex and long term process involving fundamental transformation of rural society both at social and economic levels. It represents planned programmes to improve the quality of the life-style of the ruralites.

Components of Rural Development:

Rural development entails some components. They are as follows:

1. Rural development seeks to transform all the sectors of rural economy – the primary sector, the secondary sector and the tertiary sector.

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