Role of NABARD in Rural Infrastructure Development

Commerce and Management

It is a known fact that for economic development of a nation, presence of adequate infrastructure in rural and urban areas is indispensable. In Indian context, infrastructure development is essential not only in urban areas but also in remote and rural areas of the country as majority of the share of the total population is still domiciled in rural and semi developed areas. Rural infrastructure is two way associated. On one side it is positively associated with rural economic development and on the other side it is negatively associated with incidence of poverty. Investment in rural infrastructure has manifold effect which leads to create new economic opportunities, generate additional employment, enhance credit absorption and also ensure delivery of related services. The ultimate result of this will surely lead to improvement in the standard of living and also reduce the frailness of the rural people. The researcher has selected this topic out of inquisitiveness to understand the need of rural development and increasing role of agriculture and allied activities along with MSME sector in the economic development of the nation. The study aims at assessing the working and progress of NABARD with respect to rural infrastructure development initiatives.

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