Financial Liberalization and Rural Credit in India

Financial liberalization after 1991 damaged the formal system of institutional credit in rural India severely. It represented a clear and explicit reversal of the policy of social and development banking and contributed in no small way to the extreme deprivationa nd distress of which the rural poor in India have been victims over the last decades. About Author : V K Ramachandran and Madhura Swaminathan are economists and profesors at the Indian statistical Institute Kolkatta. Contents : Tables Figures and Maps Acknowledgements Introduction Contributors Fianncial liberalization and Credit policy Financial sector reform and the transformation of Banking Rural credit and systemic Risk Regional sectoral and functional distribution of bank credit Banking sector liberalization and the growth and regional distribution of rural banking Rural cooperative banks; Their present problems Interest rates on micro credit Debt and Unfreedom among Landless manual workers Womens self help groups and credit for the poor Rural credit in an urnderdeveloepd region Index.