RURAL DEVELOPMENT - NCERT

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99RURAL DEVELOPMENT After studying this chapter, the learners will understand RURAL DEVELOPMENT and the major issues associated with it appreciate how crucial the DEVELOPMENT of RURAL areas is for India s overalldevelopment understand the critical role of credit and marketing systems in ruraldevelopment learn about the importance of diversification of productive activities tosustain livelihoods understand the significance of organic farming in ECONOMIC INTRODUCTIONIn Chapter 4, we studied how povertywas a major challenge facing India. Wealso came to know that the majorityof the poor live in RURAL areas wherethey do not have access to the basicnecessities of is the major source oflivelihood in the RURAL sector.

National Bank for Agriculture and Rural Development (NABARD) was set up in 1982 as an apex body to coordinate the activities of all institutions involved in the rural financing system. The Green Revolution was a harbinger of major changes in the credit system as it led to the diversification of the portfolio of rural credit towards production-

  Development, National, Rural development, Rural