Volume : I, Issue : II, July - 2012

Rural Financial Services in J&K (A study in the field of financial services sector development)

Tarsem Lal

Abstract :

In the present era the finance industry encompasses a oad range of organizations that deal with the management of money. Among these organizations are banks, credit card companies, insurance companies, consumer finance companies, stock okerages, investment funds and some government sponsored enterprises. Rural financial services in India are in these days provides a variety of services including not only agricultural lending but lending to farm households for non-agricultural production and consumption purposes, loans made to non-farm rural firms, rural savings deposit services and other financial services such as insurance. For poor rural families in developing countries, access to credit and savings facilities has the potential to make the difference between grinding poverty and an economically secure life. In the present study an attempt has been made to analyse the evolving structure of the rural financial services in J&K and the extent to which the current financial institutions have improved access to rural financial services for producers and traders in the rural areas. The study identifies successful cases of functioning financial services in the rural areas. It also identifies constraints that hinder increased access to rural financial services and proposed policy intervention that could make the rural financial services more accessible.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Tarsem lal Rural Financial Services in J&K (A study in the field of financial services sector development) International Journal of Scientific Research, Vol.I, Issue.II July 2012

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