INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Agriculture has been “way of life” and “means of livelihood” for majority of agriculture in India, since centuries small holdings, almost exclusive dependence upon rain occurrence of frequent droughts coupled with other natural calamities,(including floods, destruction of crops by insects, pests and plants diseases etc, low productivity due to small size farms and use of traditional technology) seasonality and uncertainty production, traditional system of agriculture – all these had been a constraint to the agriculturist, which in times of need frequently drone them to rapacious money lenders as there was neither government agencies nor institutional arrangement to provide to agricultural, credit to farmer. The precarious conditions of agriculturist, lack of suitable security and special features of India agriculture also hindered the attraction of capital in this natural industry, the only oasis in desert were financers offering credit but exorbitant rates of interest. This led an increase in higherchances of rural indebtedness.
Finance is life of every production agriculture is not an exception to this. Various financial institutions are extending financial here for agricultural operations but none of them fully met credit requirements of agriculturist in India. Frequently it’s emphasized as agriculturist and rural population should be saved from the stronghold of money lenders and private agencies. Attempts have been initiated way since 1904 with the adoption of the “Co-operative credit societies act” to substitute private agencies institutional financing system.
Microfinance has undergone significant growth and transformation over the years, evolving from the efforts of a few philanthropic institutions into a global industry. Today, it reaches an estimated 150-200 million clients through thousands of institutions worldwide. While microfinance initially focused on funding loans for the poor, it has now expanded its offerings to including assortment of financial and non-financial services like savings, insurance, healthcare, and education.
Keywords:
Financial, non-financial, Savings, Health care, Education, Insurance
Cite Article:
"Study on Employee Job Satisfaction in DCC Bank", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 10, page no.a581-a588, October-2023, Available :http://www.ijnrd.org/papers/IJNRD2310067.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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