Credit as a contributor to doubling of farmers

Abstract

The Prime Minister's multi-pronged strategy to double farmer’s income will lead to creating an eco-system which will increase flow of financial resources to rural sector that would generate and sustain demand. In addition, there is need to increase the flow of resources in the rural sector through the existing channels of network of brick and mortar branches as well as strengthening the model of business correspondents. The recently licensed small and payment banks are also expected to contribute to larger credit flow in the rural sector