Role of Andhra Pragathi Grameena Bank on  Employment Generation in the Non–Farm Sector: A  Case of Rural Artisans in Kurnool District of Andhra  Pradesh

D.Balamuniswamy; Prof.G.Erraiah

Volume : IV, Issue : I, January - 2014

Role of Andhra Pragathi Grameena Bank on Employment Generation in the Non–Farm Sector: A Case of Rural Artisans in Kurnool District of Andhra Pradesh

D. Balamuniswamy, Prof. G. Erraiah

Abstract :

Traditional types of enterprise and services at the village level, with higher labour-capital ratio, provide better prospects of creating more opportunities for employment. Rural artisans engaged in village and cottage industries producing for and servicing the needs of the farming community and lower income groups, increase the potential of the rural economy. The artisans engaged in cottage and tiny (micro) enterprises are provided with working capital by Andhra Pragathi Grameena Bank (APGB) in order to enable them to purchase raw material, meet expenses on rental, wages, electricity taxes, marketing, transport and storage etc. The artisans are also supplied investment credit or medium / long term credit by APGB for purchase of operational tools and equipment, construction of sheds etc. The very purpose of this bank credit is to enable them to develop the activities and encourage production of goods and services which facilitate the rural artisans to rise above the poverty line. The Andhra Pragathi Grameena Bank has been providing loans and advances to artisans for taking us self-employment generating activities by using the locally available raw materials. The very purpose of bank loan is to help enhance the income levels of the rural artisans by pumping more of money, thereby promoting the rural economy. An attempt is made in here to analyze the impact of bank credit provided by APGB on employment generation of the sample rural artisans in Kurnool district of Andhra Pradesh.