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

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World Bank-Not by Growth Alone

these states, it is acknowledged are too weak to be used as the village level agencies for undertaking a comprehensive agricultural credit programme. One has, therefore, to think of devising new ways of dispensing farm credit in these areas. It needs to be considered whether retail traders could be used as a channel for credit for doing extension work while individual engineers are encouraged to set up repair and other services as well as to undertake construction of wells, etc. In this connection, it may be useful to consider how the opera* tions of the Agricultural Finance Corporation, which has already done some work in Bihar, can be reoriented to place on it certain specified additional responsibilities in backward states, with the ARC even financing it, if need be for shouldering these new tasks. Unless some programme on these lines is drawn up, the commercial banks are likely to concentrate more and more in the already agriculturally developed districts and in the process neglect those areas whose needs are much more urgent.

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