Chapter-1 Introduction

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Books

Thus in a nutshell:

The growth and good health of rural industries is thus not only crucial for our economy as a whole, but also for protecting the livelihood and well being of a very large section of our people. MSME sector provides livelihood, checks rural urban migration, generates export earnings, and touches upon the lives of the remotest and most marginalized people. There is a need to move from competitive to complementary relationships by making each sector a resource for the other. In this direction, NABARD should move from a Development Finance Institution to become a Development Facilitating and Financing Institution in Rural Sector. To maintain the financial viability of NABARD to serve the people, the Government is required to help the national bank in view of withdrawal of support from RBI. Moreover there is a need to create more organizations as subsidiaries of NABARD and their support in nurturing the effectiveness of NABARD must be analyzed. Future depends on its core competency and comparative advantages. NABARD and the Government have to set it as their bench mark for the development of rural industries.

To support the rural development projects NABARD has to be organizationally strong. In this direction, it has to be examined whether the present organizational structure is going to serve the goals placed before it or not. NABARD should become a learning organization in the real sense through building a system from where information about the grass root level developments reach the top management. Special emphasize is required on the critical and thrust areas/segment financing. There is a need for NABARD to reposition itself in terms of networking resources, building of capabilities and partnering institutions in public, private and voluntary sectors which will empower the institution to deliver development across rural India effectively. In these direction organizations like NABCONS, NABFINS, Micro-insurance Subsidiary, NRM foundation/ Trust, etc must be promoted for effectiveness of operations of NABARD.

Encouraging the symbiotic relationship between different segments of the MSME sector should be the key strategy for Indian Government in upcoming years. NABARD has to continue to play the role of a thought leader in rural sector through innovation and mainstreaming in translating rural credit growth into real sector impact. Therefore the collective efforts of the Central Government, the national bank, respective State Governments, and other development agencies can only change the recent scenario of the rural, remote and tribal areas.

After concluding the research work all the hypotheses taken by the researcher were proved.

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Bibliography

Books:

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Directory: bitstream -> 10603
10603 -> A mathematical theory of communication
bitstream -> Methodism and Culture
bitstream -> Review of coastal ecosystem management to improve the health and resilience of the Great Barrier Reef World Heritage Area
10603 -> Present state of the area
10603 -> Marine Pollution And Its Effects on Global Environment
10603 -> Introduction chapter I introduction
10603 -> References
10603 -> Bibliography Abd El Halim
10603 -> A thesis submitted to sambalpur university for award of

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