Gearing Rural Credit for the Twenty-First Century

Twenty-First Century K P Agrawal V Puhazhendhi K J S Satyasai The task before the rural credit system in the next century will be formidable and complex as it has to deal with two diverse challenges, namely, addressing the basic problems of rural development and globalising Indian agriculture. Thus it has to deal with two distinct clientele groups: one having small individual credit needs but accounting for a high proportion of total credit needs and the other requiring huge amounts of credit for practising capital-intensive, export-oriented hi-tech agriculture. The existing credit system has to be geared to these challenges.