Rural Economy in India

The development of the Indian Rural Economy can be credited to the liberal policy of the Ministry of Rural Development, Government of India and the Planning Commission of India.

India is still an agriculture-based country and the agrarian sector contributes substantially to the GDP of India. Around seventy percent of the Indian population still depends on agriculture and allied areas for livelihood.

Glimpses of Rural Economy of India

• A target of Rs 225,000 crores for farm credit has been set for the financial year 2007-2008.
• 50 lakh new farmers have been brought under the banking system.
• Agricultural Insurance to facilitate agricultural loans to the farmer.
• Allocation for the Rural Infrastructure Development Fund to be increased substantially.
• In the financial year 2006-07, 35 projects were successfully completed.
• Additional irrigation of 900,000 hectares has been targeted in the financial year 2007 - 2008.
• For better farm yields modern farming techniques has been set up.
• Direct disbursement of subsidy to rural Indian farmers has been arranged through a pilot program.

 

Rural Development in India Handicraft Industries in Rural India Economy Industries State RBH Councils State Development Rural Business and Economy Contract Farming in India Rural Economy Rural Economy in Indian Budget Empowering Rural India Organic Farming in India Rural Economy Rural Economy in India