Rural Development
ICSE · Class 11 · Economics
Complete topic list for Rural Development in ICSE Class 11 Economics. Key concepts, sub-topics, and what to focus on for board exams.
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Topics in Rural Development
1. Concept and Need for Rural Development
- Rural development is the process of improving the quality of life and economic well-being of people living in rural areas.
- The idea is broader than agricultural development. Agricultural development covers cultivation and allied activities such as animal husbandry, forestry, and fishery, while rural development covers all
- Agriculture is the main source of livelihood for rural people, so the development of agriculture needs special attention.
2. Rural Credit in India
- Credit is essential for all productive activity, including agriculture.
- Farmers need credit because there is a long gap between sowing and sale of produce.
- Rural credit is classified by time into short-term, medium-term, and long-term credit.
3. Institutional Credit and Credit Agencies
- Institutional credit is regulated by the Reserve Bank of India.
- Its main aim is to help farmers raise production and income.
- The cooperative credit structure has three tiers: PACS at village level, Central Cooperative Banks at district level, and State Cooperative Banks at state level.
4. Agricultural Marketing
- Agricultural marketing is a very wide term.
- It does not simply mean selling farm produce in the market.
- It includes collection, grading, packing, storage, transportation, procurement, and distribution of agricultural commodities.
Key Concepts
Central concept: Rural Development
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