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Current Trends in Science and Technology

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Management and Economics

Role of Banks in Implementing Government Schemes in Rural Uttarakhand Ph.D. Research Scholar.

Ravi Tandon
Bio
Prof. L.K. Singh
Rural Banking, Rural development, Government Schemes, Commercial Banks, Priority Sector, lead Bank, State Level Bankers Committee (SLBC).
Online First: April 28, 2018
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Abstract

Commercial banks serve as vehicle to implement government schemes in Rural Development by RBI. In last few decades a number of bank branches have increased in India. A substantial increase has been attained by the banking of unbanked population in rural areas. In India the prime objective is Rural development with aim to expand the branch placement in unbanked locations. The next objective is to skew lending towards priority sectors. Policies were framed to change the composition of credit to carter those groups which were not covered in the past by formal financing. Though the outreach of banks in the state has been restricted for some reasons but focus and efforts of government initiatives has shown a remarkable progress in the state by launching various innovative schemes and the contribution made by the banks to its success. However, much still needs to be done to improve the lot of rural people. The benefits of a fairly higher growth in income in Uttarakhand has yet to reach to hill districts of the state, which are predominantly agrarian with extremely low levels of productivity.

Keyword : Rural Banking, Rural development, Government Schemes, Commercial Banks, Priority Sector, lead Bank, State Level Bankers Committee (SLBC).

  Submitted
Apr 27, 2018
Published
Apr 28, 2018
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References

1. Yaron, J. Donald and Others, (1997). Rural Finance: Issues, Design and Best Practices. World Bank Publication 2. Reserve Bank of India. Handbook of Statistics on the Indian Economy. Various issues. The Reserve Bank of India bulletin, 5-10. 3. State Level Bankers’ Committee of Uttarakhand. Agenda Book. 2016-17 and 2017-2018. 4. Reserve Bank of India. Committee on Comprehensive Financial Services for Small Businesses and Low Income Households.2013. Report. 247 p. 5. GoUK (2014), Annual Plan 2013-14, State Planning Commssion, Government of Utarakhand, Dehradun. 6. Chattopadhyay, S.K. 2011. Financial Inclusion in India: A case-study of West Bengal. RBIWorking PaperSeries 2(WPS) (DEPR). 7. Wikipedia, Pradhan Mantri Jan Dhan Yojna 8. V Jagan Mohan, Regional Rural Banks (RRBs), April 2004 9. Pradhan Mantri Jan Dhan Yojna, Mission document, [2014] Websites: www.reservebankofindia.com www.sbi.com www.pnb.com www.nabard.org/whats.htm www.google.com
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References

1. Yaron, J. Donald and Others, (1997). Rural Finance: Issues, Design and Best Practices. World Bank Publication
2. Reserve Bank of India. Handbook of Statistics on the Indian Economy. Various issues. The Reserve Bank of India bulletin, 5-10.
3. State Level Bankers’ Committee of Uttarakhand. Agenda Book. 2016-17 and 2017-2018.
4. Reserve Bank of India. Committee on Comprehensive Financial Services for Small Businesses and Low Income Households.2013. Report. 247 p.
5. GoUK (2014), Annual Plan 2013-14, State Planning Commssion, Government of Utarakhand, Dehradun.
6. Chattopadhyay, S.K. 2011. Financial Inclusion in India: A case-study of West Bengal. RBIWorking PaperSeries 2(WPS) (DEPR).
7. Wikipedia, Pradhan Mantri Jan Dhan Yojna
8. V Jagan Mohan, Regional Rural Banks (RRBs), April 2004
9. Pradhan Mantri Jan Dhan Yojna, Mission document, [2014]
Websites:
www.reservebankofindia.com
www.sbi.com
www.pnb.com
www.nabard.org/whats.htm
www.google.com
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