The Hindu Business Line - August 24, 2011
Dr K C Chakrabarthy, Deputy Governor RBI, speaking at FICCI-IBI banking seminar has said that strengthening co-operatives and involving private parties can help in improving productivity of agriculture sector.
The agri sector provides employment to about 60% of our population. The agriculture share of GDP 15 years ago, was 50% , and has now fallen to 14%. Therefore, he says, food processing industry and agro based industry need to be given necessary boost to improve productivity and employment opportunities.
Although agricultural credit has grown, it is from urban and metropolitan branches of banks, and therefore raises the question as to which segment the credit is flowing into. To improve the flow of credit there is a need for systematic co-operation between Regional Rural Banks and Primary Agricultural Credit Societies.
Read the full report here
Dr K C Chakrabarthy, Deputy Governor RBI, speaking at FICCI-IBI banking seminar has said that strengthening co-operatives and involving private parties can help in improving productivity of agriculture sector.
The agri sector provides employment to about 60% of our population. The agriculture share of GDP 15 years ago, was 50% , and has now fallen to 14%. Therefore, he says, food processing industry and agro based industry need to be given necessary boost to improve productivity and employment opportunities.
Although agricultural credit has grown, it is from urban and metropolitan branches of banks, and therefore raises the question as to which segment the credit is flowing into. To improve the flow of credit there is a need for systematic co-operation between Regional Rural Banks and Primary Agricultural Credit Societies.
Read the full report here
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