5. RURAL DEVELOPMENT
Rural development encompasses strategies aimed at improving the living conditions and economic opportunities for those residing in rural areas. Emphasis is placed on the importance of enhancing agricultural productivity, diversifying rural economies, and addressing the infrastructural deficits that hinder growth. Key components include credit systems, marketing strategies, and promoting sustainable practices such as organic farming to ensure a more productive and resilient rural economy.
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5Rural Development
This section explores the significance of rural development in India,...
What we have learnt
- Rural development is essential for addressing poverty and enhancing the quality of life in rural areas.
- Access to credit and effective marketing systems are critical for the growth of agriculture and other rural enterprises.
- Diversification into non-farm activities and sustainable practices like organic farming can significantly improve livelihoods.
Key Concepts
- -- Rural Development
- A comprehensive term referring to actions aimed at advancing the economic and social conditions of rural areas.
- -- MicroCredit
- Small loans provided to impoverished borrowers lacking access to traditional banking services, aimed at promoting entrepreneurship and improving livelihoods.
- -- Organic Farming
- An eco-friendly approach to agriculture that avoids synthetic chemicals and focuses on sustainable practices.
- -- Credit System
- Financial mechanisms particularly aimed at providing farmers and rural entrepreneurs with the capital necessary to invest in agricultural production and business ventures.
- -- Agricultural Marketing
- The process involving the sale and distribution of agricultural products, which is crucial for farmers in achieving fair prices for their produce.
- -- Diversification
- The process of expanding into new agricultural products or non-farm activities to reduce risk and ensure a steady income.
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