Rural Indebtedness : The Burning Financial Issue Of India Essay

The individuals from Grameen Bank are urged to plant trees, develop kitchen enclosures and assemble houses and clean restrooms, which are planned to address environmental concerns. The Grameen Bank has deliberately focused on women understanding that their support in social development is essential for financial development in light of the fact that women assume essential part in giving health, training and sustenance. The Bank's social development programs additionally incorporate exhaustive preparing program in maternal health, nourishment and youngster consideration (Rahman & Qiang, 2011). The social development programs likewise supplies tree seedlings and seeds for kitchen plants with a specific end goal to enhance both living conditions and the environment. Grameen Bank has been set up to sort out the provincial poor through a credit program with the goal that they can produce profitable independent work for themselves in exercises of their decision. Grameen Bank considers poverty not as the making of poor rather that of the framework which is comprised of the ideas, theoretical systems, approaches and foundations. On the off chance that we can change the framework, there would be no poverty. Grameen Bank thinks poor as proficient and venturesome as any other individual on the planet (Barua,

So many people are living below the poverty line. Day by day poverty is increasing in the rural areas. If we see in the late 90s and if compare the economic conditions of urban and rural areas of the country it became more significant. This trend has been credited to an uneven impact of the financial go-slow in the rural areas affected by low economic development failure in public sector development spending and lower worker payment. There are also major differences in the different regions of Pakistan that donate to the country’s growing poverty.

Coming from a rural part of North Carolina, I have seen and interacted with many people experiencing issues that pertain to rural poverty. The issue that I have been captured by currently pertains to food access and healthy nutrition, as many rural residents find themselves in food deserts. I personally have always found this somewhat ironic since one of the major sources of economic capital in our region is from agriculture. However, many of the people who live right next to farms cannot meet their basic nutritional needs as they resort to cheaper foods to feed their families.

population. Nearly 70 per cent of Indian villagers do not have a bank account, and tapping them

Recently, a girl living in the Himalayas ended her life due to severe poverty. Poverty is one of the leading causes of death among people in developing countries. Poverty is defined by lack of the basic necessities to live such as food, water and shelter. Did you know over 3 billion people live on less than $2.50 a day, which is 43% of the world’s population i.e almost half (worldbank). Poverty is caused by a variety of things including overpopulation, lack of education, environmental degradation and economic factors. The following essay goes in depth on the various causes of poverty with special focus on India.

There has been a deliberate neglect of infrastructure facilities in the rural areas. Basic amenities such as road network, piped water, primarily health care centers, electricity, schools etc are all contributing factors to the rural poverty.

“Even in a random reading of Anand’s novels, the reader becomes immediately aware of such issues as the tyranny of the caste-system, its injustice, and its social, moral and economic consequences, class conflicts, exploitation of various kinds of the poor by the rich, quest for identity, search for freedom, etc. Under colonial rule, a number of social and economic changes took place and as a result a feudal society was gradually transformed into a capitalistic one. The class system in India has turned out to be a new kind of caste-system. It is built on the cash nexus on which it

According to Kishor Tiwari (President of Vidarbha Jan Andolan Samiti) after a relief package also 90 % peasant from Vidarbha cotton taking farmers borrow loan from sahukar, because rejection of banks to provide loan. So there should be law that all farmers should be receiving loan from banks. Maharashtra state government failed to protect the farmer’s life as being a state. In the relief package there is huge corruption and anomalies and because of the faulty eligibility criteria the deceased families failed to receive support from government.

It is well known that in Sindh, the factors related to poverty reflect both the disappointing levels of recent economic growth and a range of difficult environmental problems, many of them related to an acute shortage of water and a poor and unreliable water supply. The livelihood prospects of the poorest groups are also affected by the extreme economic inequalities that persist in many rural areas and the continued prevalence of social institutions and different forms of violence that impact negatively on their lives.

Abstract: Government policies to increase production and farmers' income at the same time with the ultimate goal of poverty reduction; one of them through distribution credit to strengthen farmers. Such efforts implemented by providing capital assistance which known as program of Food Security and Energy Credit. This research determines the proportion of credit purposes in the capital structure of farmers on farming, especially rice and determine the factors that influence the demand for agricultural credit by farmers, especially rice farming. The research was conducted in two

Abumere S.I. (2002) stated that if rural development is defined as a means to help improve the physical, cultural, social and economic status or life of the rural people then that means that infrastructures such as roads, clean water, electricity, telecommunication and other facilities must be carefully planned and delivered to the rural people in a consistent manner. It doesn’t matter whether these infrastructures are built from the urban centres and move into the rural areas or vice versa. The delivery mechanisms must be very consistent.

In India, the economic stability is challenged by the differentiating standards of poverty between the state and the citizen(s). The welfare policies implemented by the government programs have not and are not yet able to meet the standards that will be beneficial in producing a healthy society. The government of India and the citizens share different political ideologies concerning the economic infrastructure of their country. The state level of governance has not yet been capable of meeting the correct economic standards in the process of development in order to achieve a small gap between the poor and wealthy civilians entitled to their state. That in mind, the state level did not cause the mass poverty of India but has not yet found the factors to resolve the issue of inequality poverty within India.

The CBN/World Bank study on poverty Assessment and Alleviation in Nigeria (1999) attested to the fact that the living and environmental conditions of those living in the rural areas have worsened. Urban poverty is also on the increase in the country. This has been attributed to the under provision of facilities and amenities which are already inadequate to match the growing demand of the urban populace as well as the rural-urban movement which has caused serious pressure on the existing infrastructural facilities.

Usually loans are taken because of problems faced by people it may be of financial loan loan for marriages and medical loan. Customers avail these types of loans majority of times and it constitutes 53% of loan that people take from banks. One of the main concerns is that if people don’t get loan from bank they go for nonfinancial institution and these institutions charge high rate of interest to poor people and whole life they are indebted.

There are now only total 1831 number of villages in India with population more than 10000 persons. (Definition of rural area in banking business is a place with population up to 10000 persons and in insurance business it is a place with population up to 5000 persons.) The strong saving habit of people in India is such that even the relatively low income families tend to save about a third of their annual earnings. The rural savings to income ratio is much higher than that of the urban population. Further, we