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VOL. 6, ISSUE 1 (2024)
Role of banks in rural development: A review of literature
Authors
Shweta Kumari, Ram Uddeshya Singh
Abstract
Banks not only provide
finance but also influence the utilisation of the country’s resources. In a
modern economy, banks are not merely dealers in money and credit but leaders in
the process of economic growth. The business of banking entails the collection
and transmission of funds from the saving surplus to the saving deficit
economic units. Commercial banks are playing very important role in providing
credit to rural industries, which increases the production, employment and
consumer spending, thereby boosting the economy. Thus, banks act as the
mobilizer of funds to all sectors of the economy.
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Pages:24-28
How to cite this article:
Shweta Kumari, Ram Uddeshya Singh "Role of banks in rural development: A review of literature". International Journal of Management and Commerce, Vol 6, Issue 1, 2024, Pages 24-28
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