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Does Informal Credit Provide Security?
Rural Banking Policy in India
V. K. Ramachandran and Madhura Swaminathan, October 2001 This paper deals with rural banking and credit policy in contemporary India and with the effect of the current policy of financial liberalization on the credit portfolios of rural workers. It examines, first, the major directions of rural banking and credit policy and indicators of performance of this activity in India since 1969, the year in which 14 major commercial banks were nationalized. Secondly, it attempts to describe and analyse features of indebtedness of rural households, particularly rural worker households, in a south Indian village during different periods of national banking policy. Thirdly, it attempts to evaluate the potential of a new policy alternative microcredit projects controlled by non-government organizations - as a solution for problems of rural indebtedness. Click here for full document in PDF |
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Updated by LD. Approved by GS. Last update: 5 February 2002.