Rural income: some evidence of effects of rural credit during last three decades
By: Chakrabarty, Tapas Kumar.
Material type:
ArticlePublisher: 2003Description: p.225-39.Subject(s): Rural economy | Credit
In:
Reserve Bank of India Occasional PapersSummary: The growth of the rural economy is an important driver of the economy as a whole. Sectoral demand matrices substantiate the importance of the rural demand to boost other activities. The present study tries to have some idea about the dynamics of the rural income, primarily caused by the availability of funds. The debate on the cost of rural credit is avoided because the availability of funds as well as the cost of funds during the period of study (1971-72 to 1999-2000) might be conceived as target variables. simple models tested indicate evidence towards the supply leading approach to rural finance. However, it might be advocated that let the market be encouraged gradually to allocate the rural finance, banking upon the sound rural production base caused by broad activities and rural finance, significantly contributed by the institutional initiatives. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 24, Issue no: 3 | Available | AR64793 |
The growth of the rural economy is an important driver of the economy as a whole. Sectoral demand matrices substantiate the importance of the rural demand to boost other activities. The present study tries to have some idea about the dynamics of the rural income, primarily caused by the availability of funds. The debate on the cost of rural credit is avoided because the availability of funds as well as the cost of funds during the period of study (1971-72 to 1999-2000) might be conceived as target variables. simple models tested indicate evidence towards the supply leading approach to rural finance. However, it might be advocated that let the market be encouraged gradually to allocate the rural finance, banking upon the sound rural production base caused by broad activities and rural finance, significantly contributed by the institutional initiatives. - Reproduced.
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