LANGUAGE IN INDIA

Strength for Today and Bright Hope for Tomorrow

Volume 16:5 May 2016
ISSN 1930-2940

Managing Editor: M. S. Thirumalai, Ph.D.
Editors: B. Mallikarjun, Ph.D.
         Sam Mohanlal, Ph.D.
         B. A. Sharada, Ph.D.
         A. R. Fatihi, Ph.D.
         Lakhan Gusain, Ph.D.
         Jennifer Marie Bayer, Ph.D.
         G. Baskaran, Ph.D.
         L. Ramamoorthy, Ph.D.
         C. Subburaman, Ph.D. (Economics)
         N. Nadaraja Pillai, Ph.D.
         Renuga Devi, Ph.D.
         Soibam Rebika Devi, M.Sc., Ph.D.
Assistant Managing Editor: Swarna Thirumalai, M.A.

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Rural Banking and Rural Development –
A Case Study of Developing Countries with
Special Reference to Rwanda

Rugazura Ephraim, Ph.D. Research
Prof. Dr. R. Murugesan

Abstract

This paper focuses on the importance of Rural Banking and Rural Areas and their implications. The article defines Rural Livelihood as an occupation, as source of income and livelihood in the rural areas that include agricultural work and other allied rural employment such as labor, home industry, etc. The study has examined the economic conditions in developing countries, thus will determine the Status of a country's financial position at a specific period of time. Economic condition is used for statistics and it involves unemployment rates, stock market data, and GDP information, among other metrics. Statistics changes over time in line with the economic and business cycle, as an economy goes through expansion and contraction. The study tries to determine the number of borrowers with poverty alleviation objectives in the area; assess the extent of awareness and participation of rural people in microfinance activity, and examine the impact of the cooperative on farmers’ income, farm size, production and productivity. The main purpose of the Rural Bank is to provide banking and credit facilities to the rural people. The regional Rural Banks have been conceived as: (a) an answer to meet the diverse and heterogeneous needs of rural people with different socio-economic and agro- geographical conditions, (b) designed to specific economic and occupational groups, i.e., the small and marginal farmers, agriculture labourers, artisans etc. and (c) to be a catalytic agent to develop the rural economy by providing not only credit but also other facilities.

Keywords: Rwanda, Rural Banking, Rural Development, Developing countries economic programmes

1. Introduction

Development is a continuous process, which brings quantitative and qualitative changes in a particular area. Prevailing conditions of living standards are improved through these changes. Efforts are made to improve standards of living. Development includes all spheres of human life i.e., economic, social, political, cultural, environmental, technical etc. Hence, development is concerned with exhaustive development of human life. We can draw the conclusion that rural development is a strategy by which more employment opportunities are created in rural areas and efforts are made to increase the level of income and thereby raising the standards of living of rural masses. Rural development is economic activities or initiatives that are designed to improve the living standards in areas far away from large towns or cities. It improves the quality of life of rural people. Rural development is defined as the process of improving the quality of life and economic well-being of people living in rural areas. The primary objective of rural development is to reduce rural poverty. Targeting rural poverty reduction also means focusing on strengthening social cohesion and reducing inequality. Poverty reduction is a complex process and many factors will determine whether economic growth is associated with poverty reduction, such as the initial level of inequality, the composition of growth and how inequality changes over the period of growth. Given Rwanda’s geographical and demographic composition, sustained economic growth requires large gains in poverty reduction and vice versa.

This is only the beginning part of the article. PLEASE CLICK HERE TO READ THE ENTIRE ARTICLE IN PRINTER-FRIENDLY VERSION.

Rugazura Ephraim, Ph.D. Research Scholar
Centre for Rural Development
Annamalai University
Annamalainagar 608002
Tamilnadu
India
ephraimrugazura11@gmail.com

Prof. Dr. R. Murugesan
Director, Centre for Rural Development
Annamalai University
Annamalainagar 608002
Tamilnadu
India
murugesancrd@gmail.com
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