Bihar is one of the poorest and most populous States in India. It is 12th largest in terms of geographical coverage (2.8% of the total land area) and 3rd largest by population (8% of the total population of the country). The decadal population growth rate of the State during 1991 to 2001 was the highest in the country at 28.62%. Of its total population, 89.5 percent lives in rural areas. The combined share of ST/SC population is 16.4% of the total population of the State. In terms of Human Development Index, Bihar is at the lowest position among all the major Indian States. Per capita income of Bihar is the lowest in India at only 25.1 percent (Rs. 5,772) of national per capita income (Rs. 22,946). The State ranked as 7th poorest with 42.56% …show more content…
Table 1 an overview of Bihar according to the census data (2008).
Status of Banking and Financial Services
Bihar is one of the most undeveloped States in terms of the outreach and development of banking services. Despite being third largest in population, the banking network in the State comprises of only 5 percent of the all bank branches in the country. The bank branch network in Bihar shows that out of a total of 3,698 branches of various banking entities, 63% of the branches are in the rural areas, 20.7% in semi urban area and 16.3% are located in the urban centers2. Given a rural area of about 94,000 square kilometers this translates to a bank branch on average every 35 square
…show more content…
In terms of population, estimates suggest that the branch population per bank in Bihar is approximately 23,000 in comparison to the national average of 15,000. The rural urban divide in Bihar is also very stark with each rural branch serving 31,000 people as compared to 18,000 people in the urban areas. Formal banking shows another facet of low penetration. 37 out of 538 blocks in the State have no bank-branch. About 700 to 800 branches out of about 3,700 bank-branches in the State are single-person branches. Private commercial banks are concentrated in only a few urban centers in Bihar. Besides this, Bihar has a large number of Primary Agricultural Credit Societies (PACS) (8400) and other credit cooperative societies (250). Though data shows a significant network of rural branches in Bihar, aggregate level data conceals the huge concentration of banks in a few pockets of the State. Regarding the concentration of branches in rural areas, Muzzafarpur, Gaya, Purbi Champaran, Patna and Samastipur districts
In 1707, The Mughal Empire was collapsing while the east india company (Britain) was using this as an advantage to take power over india,by 1757 after the battle of plassey they have taking rule over india leading them to use india for its resource/workforce.The laws created by the British had a structured government,but was strucerd to control the indians.Raw resources from india was moved to east india company control which ,however lead to the need of a workforce.British control as far as it goes for social was not positive because of the millions of deaths from the cause of famine which was the cause of cash crops.British control was not positive it was negative impact on india and its people.
The Transformation of the “Indian Problem”. In this paper, I plan to examine the marked transformation and the history of the so-called “Indian Problem.” The idea of an “Indian Problem” began with the arrival of white settlers in North America, and for them, it was a problem of safety, security, and land acquisition. Around 1890, the “Indian Problem” became an issue of how to help the Indians go extinct humanely, or to assimilate into white culture.
Banco Compartamos is a commercial microfinance institution rather than a village bank. Up to date, the expansion of the institution has seen it branch out numerously from the pilot objective, which is giving loans to the poor. Analyzing the services delivered by the Grameen Bank in Bangladesh, there is a kind of direct focus on the poor. Notably, loans are not advanced ...
Mishra, Pulak, Behera, Bhagirath, and Nayak, Narayan Chandra. 2010. “A Development Delivery Institution for the Tribal Communities: Experience of the National Rural Employment Guarantee Scheme in India.” Development Policy Review 28 (4): 457-479. doi:10.1111/j.1467-7679.2010.00492.x
India, the second highest populated country in the world after China, with 1.27 billion people currently recorded to be living there and equates for 17.31% (India Online Pages 2014) of the world's population, but is still considered a developing country due to it’s poverty and illiteracy rates. As these nations continue to grow at rates that are too fast for resources to remain sustainable, the government’s in these areas wi...
...an HDI of 0.36. These discrepancies in levels of development have led to an exodus of people, from less developed areas to the areas that have been benefitted by development. This situation seems to depict that predicted by the Dependency theory in which the developed countries progressed due to the exploitation of peripheral nations; the same seems to be happening in India. The states that are wealthier are exploiting the poorer states. It would be difficult to imagine India having the economic status that it now has, if it was not for the terrible working conditions and wages at which the Indians are willing to work and the massive work force available in the country. Now that India has seen economic growth the government should start taking care of its citizens by implementing policies that protect the labor rights of the workforce.
The banking sector in Bangladesh suffers due to high Interest Rate Spread. This puts pressure on the banking industry to increase the profits because of higher interest rate spread. In the financial and economic environment of Bangladesh this could not be possible, thus resulting in reduced competitive nature of the market. This is one of the characteristic of the monopolistic competition (MonzurHossain, 2010).
One of the contemporary challenges facing policy makers is the incidence and spatial concentration of poverty. The multiple dimensions of poverty includes: levels of employment, education, incidence of poor health, poverty levels, and macroeconomic conditions. In this report we will examine two of them: employment rate and education to find out if countries can reduce poverty level by increasing employment rate and increasing number of people who finish at least upper secondary education. Moreover, we will find out what is more important to increase employment rate or increase number of people who finish secondary education to decrease poverty level in the countries. To find out all these things we will summarise the information, using descriptive statistics, test relationship between the variables using correlation and regression which will answer our questions.
Vasco da Gama landed at Calicut, sailing via the Cape of Good Hope in 1498. This marked the beginning of
In India a few states are rich in resources while some states have low level of resources and there are some other states which are moderately developed with different kinds of resources. This causes regional disparities of the country.
Financial Inclusion refers to universal access to a wide range of financial services at a reasonable cost. These include not only banking products but also other financial services such as insurance and equity products. Financial inclusion broadens the resource base of the financial system by developing culture of savings among large segment of rural population and plays its own role in the process of economic development. Further, by bringing low income groups within the perimeter of formal banking sector; financial inclusion protects their financial wealth and other resources in exigent circumstances. Financial inclusion also mitigates the exploitation of vulnerable sections by the usurious money lenders by facilitating easy access to formal
The study is primarily designed to find out the continuous issue of the banking system in
Banks sector is playing an important role in economies. The banking industry, as the classic and the most influential of financial intermediaries, facilitates economic operations. Financial sector in the worldwide country has been changes over these years by looking the changes of financial structure environment and economic conditions. Thus, banks are a very important point to financial system and play an important role as control and contribute growth to the economic sector.
This is followed in section 5 by an analysis of the recent changes in the banking industry. With the development of the financial system, declining entry barriers and the deregulation of the banking industry make banks no longer the monopoly suppliers of banking services and reduce their comparative advantages which they usually hold in the past. Whether the reasons give rise to the existence of banks are still powerful will be examined here, while section 6 offers a way of considering whether banks are declining by looking at the value added by the banks. When the value added by banks is examined, banks are not a financial intermediation, which not only conduct the traditional services but also provide more diversified
India, the population of which is estimated to be 1.27 billion also ranks 2nd in largest population and 33 in population density. The social problems in India in the new