ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by H B ShivamaggiSubscribe to H B Shivamaggi

Reforms in Rural Banking

Rural banking in India has made tremendous quantitative progress. But quality is a different matter. On the whole, it has to be admitted that the policy-makers have yet to arrive at a banking structure and operational system which suit agriculturists' credit and saving needs and at the same time promote modern agriculture. This article explores possible remedies.

Banking Infrastructure for Rural Sector

A quantitative approach to rural banking, focusing entirely on the numbers of institutions rather than the quality of services, has given rise to an infrastructure which has not attracted sufficient interest. What can be done to remedy the situation?

Rural Credit New Role for AFC

The finance minister s proposal to set up state agricultural finance corporations provides an opportunity to revive the Agricultural Finance Corporation, an all-India public sector institution which has the necessary expertise, currently under-utilised, in rural sector consultancy for financial services.

Future Strategy for Development of Co-operatives

Co-operatives H B Shivamaggi THE co-operative sector is an all-pervasive and diversified sector consisting mainly of three categories of co-operatives: (1) credit co-operatives, (2) functional co-operatives like dairy societies, and (3) service societies like marketing societies. While the cooperative sector as a whole has some fundamental problems, these three categories have their own problems. Most of these problems emanate from the external factors which are also the cause of internal weaknesses.

Rural Co-operatives Conditions for Success

coarse ('country') cloth and the very fine, upmarket rangeof fabrics, while mill cloth dominated in the medium range of textiles. The comparative advantage of handlooms in producing woven (as opposed to printed) designs was especially marked in cloth with contrasting borders and 'pallus', which were used as draped garments (saris, dhotis, etc). Roy observes that the demand for clothing comprised cloth which could be made into dresses by stitching, and cloth which was draped and was thus a 'finished garment

Problem of Rural Credit in India

A Review of the Agricultural Credit System in India: Report of the Agricultural Credit Review Committee. Reserve Bank of India, Bombay, 1990; pp xv + 1074, Rs 211.

De-Ruralisation of Big Banks

De-Ruralisation of Big Banks H B Shivamaggi THERE is no doubt that the Indian banking system requires restructuring for the purpose of simplifying the system and improving its efficiency and accountability. The question is whether the Narasimham Committee on the Financial System (CFS) has tried to reach for the sky above without being sure about the banking system having its feet firmly on the ground below. This doubt particularly arises in view of the implications of its recommendations for the rural sector.

Research in Rural Banking

H B Shivamaggi Institutional Finance for Agriculture by B M Desai and N V Namboodiri; Oxford & IBH, 1991; pp ix + 100, Rs 125.
Long-Term Financing of Agriculture: Land Development Banks in a Multi-Agency System by T K Karthykeyan; Himalaya Publishing House,

Policy for Urban Co-operative Banks-Need for New Approach.pdf

directors has shrunken since 1988; even in 1988; they do not appear to be alive to shareholders' concern.
The ball is finally in the court of the financial institutions. They would be happy if they are not asked awkward questions publicly. But even if individuals may desist. public interest cries out for a loud and clear answer. The capital-output ratio of a new ce ment plant will be less than one How will the company service its huge equity on the basis of such a low capital-output ratio? How does this scenario fit in with the new economic policy heralded by the finance minister who has the rare distinction of being a mature administrator and a distinguished academic? The time has come to look at L & T without the blinkers of the Ambani connection.

Crucial Aspects of Agricultural Development-Problems of the Fourth Plan

It is vital for the success of the agricultural development programme of the Fourth Plan that as large a section of the rural population as possible, including non-owner cultivators, small farmers and farmers in dry areas, are enabled to participate in the technological changes that are being introduced in agriculture.


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