|
Nearly 60 % of India’s mammoth 1.2 billion population lives in rural areas.
Unfortunately, India’s rural population contributes only 8 % of the gross domestic
product. India’s formal financial services sector is yet to meet the growing need of
the rural population. The testimony is India’s booming informal lending market.
To create stability in the society, a well organized and inclusive financial system
should be built for the deprived class and the small enterprises to thrive on. It
assists them to be a part of the growing economy along with the reduction in
inequality and poverty. Access to easy and affordable credit for the backward class
by creating equal and fair opportunity enables them to integrate better into the
economy and actively contribute to development. It even helps them to be
prepared at times of financial turmoil, as they can maintain their expenditure by
accumulating their savings during those hard times. Despite the importance of
access to finance as a crucial weapon to alleviate poverty, globally around 2 billion
people are excluded from basic financial services. In most developing countries, a
large segment of the society, particularly those who have to make ends meet, have
no reach to finance. Rural societies in India have suffered a continuous erosion of
their standard of living due to inadequate access to productive assets and financial
resources. They have to depend on their informal source of income and on the
resources they are supplied at reasonably high price. This situation is even worse
in smaller least developed countries, where 90 % of the population is deprived of
this access. This indirectly damages the growth of society, when an individual with
brilliant entrepreneurial skill cannot implement the same due to lack of financial
facilities. Rural people are hindered by limited access to finance, thus stagnating
the progress of the country to a prosperous future. |
|
|
Assessing the Value of E-learning SystemsAssessing the Value of E-Learning Systems provides an extensive literature review pulling theories from the field of information systems, psychology and cognitive sciences, distance and online learning, as well as marketing and decision sciences. This book provides empirical evidence for the power of measuring value in the context of e-learning... | | | | |
|