Marks : 125
1.Role of Banking in Rural Development.
ग्रामीण विकास में बैंकिंग की भूमिका।
2.Digital India : A programme to transform India into a knowledge economy.
डिजिटल भारत : भारत को ज्ञान अर्थव्यवस्था में बदलने के लिए एक कार्यक्रम।
Thanks for the review. I will try to improve. KWAR 🙂
Thanks for the review. I will try to improve. KWAR 🙂
Thank you for the review sharda dahiya 🙂
Good one. Liked the conclusion and innovations on paper with flowcharts and diagrams. But in an essay, i suggest to restrict the other ways of representation to one or two. (it is purely personal). because what I feel is essay is where you can bring in perspectives and a lot of creative writing. We are not supposed to introduce long quotes and examples in GS paper where it ought to be technical. This can go about like :
1. How Indian economy depends on its means of production than human capital
2. Then talk about knowledge economy and how this human capital and the technology it develops and uses could be an asset.
3. A brief explanation of what is Digital India programme and its nine pillars and technicalities in a page or not more than two.
4. Then probably concentrate on “TRANSFORMATION” – how this digital India will convert India’s economy into knowledge economy esp when our services sector dominate India’s GDP. here you can talk about larger agri based population and how digital india would address this.
Jo kuch bhi likha hai, yeh ekadam sahee hai. lekin mene kahaa ki mere vichaar. All the best.
nice answer
and don’t worry about this one looking like GS answer as the topic is very technical.
Keep writing
by being consistent.
By doing everything at its time and keeping time for everything
Hi there, sorry for being off topic but I have just started with the syllabus & my target is 2017. How do you guys manage such awesome Essays :)Really helped me to garner some great points. Are u guys referring to PYQ papers for prelims ?
nice ……….impressive …..word selection is really good …..u covered all aspect……starting is good …but i think intro of banking system makes it.batter …….
Good luck.
Thanks for the review. I will try to improve. KWAR 🙂
nice essay but sometimes it looks like GS answer………
Keep Writing
nice essay
Good answer. Introduction could be improved. KWAR. Please review mine if possible
One of best essays covering all possible points. KWAR. Please review mine if possible
Good essay. KWAR. Please review mine if possible 🙂
Good answer. KWAR. Please review mine if possible 🙂
Comprehensive essay. Introduction could be improved. KWAR . Please review mine if possible
Nice essay. KWAR. Please review mine if possible 🙂
thanks for your review… will rectify
thnx…
thnx…abhilash i i will improve..
thnx for suggestion..
Nice answer
Friends and Forum ias please review
Role of banking in rural development
Essay Content
– women empowerment via SHG
– agriculture development by providing credit to farmers
– financial inclusion
– rural job creation by giving loans to entrepreneurs
– promotion of household savings
– encouragement of education via education loans
– promotion of MSMEs and cottage industries
– uplift ment of weaker sections via stand up india scheme s
– priority sector lending
– renewable energy initiatives such as loans for solar pumps
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Okeyyy… All the very best….
Mind map is absolutely necessary. I too missed ds tymmm. And forgot few important points…. 🙁
Anyway that or d review And happy reading….
Okey bro..
Actually to be frank I forgot while approaching the conclusion part had few more good points …
Heading and all I will incorporate in my next endeavors….
Thanks for d review…
KWAR
Thanks alot sir… I was wondering why sir is not reviewing my answers…
I just started my writing from forumias platform..hope will give my best everytymmm
Thanks again sir…
THe essay has a flow and speed. The writing is good and a number of issues are highlighted. However what is the current status of banking?? maybe implementation of Grameen Banking etc could have been put in. Also the suggestion part is missing. You have mentioned things like payment banks etc which youc an elaborate further. ATB
OK. I’ll try that next time
srry its no need of mentioning who started simply give he defination then pros cons
developments and then conclude it..
Correct.
Agree.
Superb Review! Carry on.
Yes, critical review is more important!
nice attempt … write paragraph wise 4 to 5 para, each para not more than 250 words and no of who started ,
keep writing …
Very nice Essay Alok. Improvement exponential achi tomoro. Bahut bholo.
hii can u rotate ur post so can read properly
Please review my essay
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thanks Monica for your critical analysis.. will take into account the points mentioned
It is a good essay on importance of rural development. You have very well address why villages are important and how they have been exploited. You have written last 2 pages on the role of banking in rural employment. Your content is good but what I suggest is shorten the first 4 pages and try to condense in a page or 1 and half and then write more on the banking services and how they help like NABARD, crop insurance schemes like PMFBY, penetration of banking sector and business correspondent models, other solutions to increase banking, financial literacy cos it will add value to you essay. Keep writing, you have good competency to relate quotes and give perspectives.
Hi ALok I tink you have covered the entire breadth of the topic including all the posibble variety of solutions. You can asthetically work on the answer by including headings (some of the answer in this forum have)
eg- EMPOWERING VILLAGES – DIGITAL INDIA – Case study in Rampur …. then point wise wat all will be good
You have used the framework —-> Salient features —>Means to achieve——-> ENd objectives ——-> ENd Objective Discussions
You juggle with these topics including shifting Means to achieve at the end based on my personal opinion as part of long term way ahead because ur last para talks about implementation. BUt this is also ok
@monicamohan:disqus can you plz review mine
thanks for reading thru will work on examples and conclusion
Yes I totally agree with your suggestions. My mind just went along all these things but I wrote something by restricting. I was afraid that if I let my mind to examples of co op like amul, aavin of TN and how banking system changes their lives then I wouldnt be able to get my mind back on to track. It will flow in a diff direction than what I planned for.
I need to make a mindmap before i write which I didnt do it today cos I had to write this essay in an hour( time constrains). Thank you for your valuable suggestions.
I used to write on paper earlier. Since documentation is easier and wordlimit can be controlled while typing, I took to this method.
I have joined Insights for prelims test series.
Done… 🙂
Monica one more best essay from you.. u covered all aspect… Few suggestions and comments as well
1) I think its better if you can classify how banking system can bring lifestyle changes in d rural India … How dey will get subsidy, easy loan , d case of farmer suicide a major one I’d u can address, mnrega payment, u can add bcz just wid digital payment nothing can happen…
2) insurance scheme awareness so that their health care cost can be handled a more over financial awareness model is required.
3) transformation from a consumption economy to saving economy wud ve an btr idea bcz u knw in villages how people earn to just spend for d day ..
4) trust factor bolstering
5)SHG, Cooperative banks how they changed life of lakhs of people in village area case of lijjat papad and amul u can add if u wish.. still there r so many points to cover
More over I like Ur presentation skill u write very apt answers. Essay is too good I mean to say jitna likhe ho dats perfect just u ve to mould it so as to drive as d essay demand… How rural development can happen
Why don’t u write on a white paper? Ultimately we have to naaa.. so if u like dn plz… It will strengthen ur self confidence…
I need to prepare for prelims too Monica.. tym nehi ho pa raha… Which test series u doing ??
Review my essay too. I am not satisfied with the content of mine. Review would help to improve.
1. It neednt necessarily only be about digital india and knowledge economy. When you talk about e governance you could remind yourself of some quotes on governance. It happens that way.
2. And 3. All the best to improve.
Prelims prep- it is going good. Test series helps to keep track of syllabus without getting lost.
Okey… Thanks 🙂
nice essay covered all aspects , u can add challenges in the last portion
ya this was my 1st essay there is scope of improovement.
Knowledge economy and knowledge me lots of differences….
How the Indian will come out of ignorance and can become efficient is the matter..
Anyway thanks do review mine
Dats d spirit dear….
All d best… Keep writting n reviewing 🙂
Thanks Monica….
1)Quote 4 ds essay I was almost in vacuum . So wrote d program motto at the top…and in body what I could have ? Do help
2)okey… Essay tha to likh diya :-p
Bdw from next tym I will keep in mind…
3)tried to …. Still lacked…. Will improve for sure
Thanks 4 d review… How z prelims prep going on??
Thanks……
Word count nehi kiya bt must be wid in 1200 and tym I took around 70 to 80 minutes…..
Some critical comment expected….
thanks for review.essay is focussing on digital india transforming into KNOWLDE so knowledge is stressed upon, i think my view
Appriciable writing skill…I m learning many things from ur answers..??????
Yeah….Yeah…I know that.. But im happy to start this.Its just for strating irrespectvie of word limits n marks..
N thanx @Rhythm 2017 …
?
ok thanks for giving your valuable time and i will try to improve untill my every answer becomes a perfect answer so that in real exam no one can criticise it.
Thanks again
Welcome aspirant,
I don’t want to discourage you @Savi:disqus but essay is of 125 marks and requires detail explanation of topics in not less than 800 words.
Its good that you have shed your fears and jumped into answer writing and the key is consistency.
wish you all the best
Hey ..Hi frns…Todays my first attmpt to essay..AAJ DAR KO NIKAL KAR AA GYE MAIDAAN MEIN..?…
“Role of banking in rural develpoment”
Banking sector is one of the way to convey the schemes introduced by govt of India to consumers and consumers enjoying the same thorogh banks..With the nationalization of banks in 1969 ,the attitude of banks shifted towards social sector development..Weaker sections of the society and rural areas which hitherto were untouched by banks became the special targets of the banks…
Banking sector is making a fantastic growth of rural areas which in turn develop the economy of the country…The greatest developmental changes in rural development through banking are.:-
1)Wealth to farmers -Various schemes announced by banks to farmers to develop their financial status..Banks provide the loans with low intrest for agricultural developmnt..For informations about these schemes every bank has agricultural officers to guide them…
2)Educational development – Educational loans provided by banks have a big role in low n middle level people’s children education..
3)Business opertunities – MUDRA bank makes the milestone to the small level enterprises to start and develop their business activites..
4)Retail Banking – Retail banking or consumer banking provides services to individual consumers..Through it ATMs, Saving accounts,debit n credit cards,personal loans,home loans etc are the rural area people have access to the banking sector…
Still banking sector making the awareness to the people about net banking,mob banking,business loans ,home loans etc through advertisements,making calls to customers..N all the initiatives by banking sector are going to make our rural populace to be able to involve in the mainstream of the nation…
So much information!! Great!
nice one Alok.
This topic is highly technical and gives a very little room to maneuver. Even then u managed it somehow.
i would like to know the word count and time you took to write this
Keep writing
Okey ….. Dat was a suggestion… Anyway u ve a good grip in writing essay 🙂
Please review mine
Good content. Being critical:1. A quote or anectode here and there would have stood out.
2. Dont make a paragraph more than 6 to 8 lines.
3. Give little perspectives since its an essay. You dont have this advantage in GS.
while starting I was also thinking of writing the ‘how’ factor, but then reading the topic again I was convinced that the topic wants detailed explanation of DIP. so i went on with it.
How factor got subsumed in the structure of the programme.
Sir critically review mine plzzzz……
Well nice essay ; it shows ur depth of knowledge in ds topic ..
However essay must be lucid enough ki Kuch hatke lage…
Example use and recent topic add karne se u can make a btr one
Conclusion must improve… Dint like d conclusion atall
Review mine…
Prerna 1st of all awesome handwriting,..
Your essay covered so many points….
Starting from a story is what lifeline of Ur essay…. Liked it…
Conclusion could be better..
Please review mine
Achaaa likhe ho…..
You must mention how it can transform the while India….dats wat is important else sabko Pata hoga wat’s digital India….
Conclusion could be better…
Review mine
Review mine
ROLE OF BANKING IN RURAL DEVELOPMENT
Raashi and Shakshi, friends from two different villages 350 kms away namely Bakrana and Akodara met at a Coffee shop in Ahmedabad on November 12, 2016. When they were given a bill, Raashi complained about Demonetisation in Indian Economy and felt bad that her village did not have a single branch of any bank. Whereas Shakshi took out her mobile and paid the Coffee shop owner through the mobile and said Demonetisation is a move with fortitude against Corruption and she welcomes it. Raashi was surprised to hear the statement and amazed to see that payments can be done even with a feature mobile phone.
Unfortunately, India has very few villages like Akodara. There are villages like Bakrana which suffer from skewed distribution of Brick and Mortar bank branches though some are served through Business Correspondents.
“India is not Calcutta and Bombay. India loves in her seven hundred thousand villages” – Mahatma Gandhi
With around 70% of India living in rural areas which is majorly dependent on Primary economic activities, it is evident that Indian economy highly relies on rural economic development. Because if it falls, every other activity of economy would fall like a ‘Domino effect’ which is why J.L.Nehru once aptly said that, “If Agriculture doesn’t go right, nothing else will”. Also there is a positive correlation between agricultural productivity and infrastructure development. Irrigation watershed development, electrification, credit institutions, roads and other rural infrastructure play a major role in overall development of the rural economy.
To that extent if rural economy must develop, Banking industry, the most vital sector of economy should reach the last man of the country. With Rural income and expenditure patterns and rural literacy rate changing to favourable conditions, it becomes the responsibility of the banking sector to pull the money of rural system into savings which else would become hoarding. Banking sector could play a little extra role than just being financial institution by taking the social responsibility of bringing the un-banked population into banking sector. Some of the important roles that banks could play is:
FINANCIAL INCLUSION:
Pradhan Mantri Jan Dhan Yojana has achieved to bring a large number of population into banking sector. But Financial Inclusion is not to extend the banking penetration into rural areas but to provide all basic banking services and must go beyond No Frill accounts. Banks may look for alternate business models other than like Business Correspondents and Brick and Mortar bank branches. The concept of Payment banks and Islamic banking are in the right to direction to achieve financial inclusion. Financial inclusion could empower disadvantaged rural population for getting benefits such as pensions and subsidies without leakages through Direct Benefit Transfers.
CREDIT FACILITIES:
Pradhan Mantri Fasal Bima Yojana is on its way to succeed in providing highly beneficial crop loans. Besides this, Banks could emphasis more on extending their credit facilities to non-farm sectors like agro-based industries, cold storage and ware housing and other retail loans like housing loans and education loans for the rural middle class so that it would enable savings to flow into the banking sector apart from infrastructural development and bringing up the rural population to perform highly mechanized, efficient farming practices.
In line with Mudra banks of Pradhan Mantri Mudra Yojana, banking sector should readily disburse credits to small scale enterprises like cottage industries through Shishu ,Kishor and Tarun so as to develop micro units in the economy.
National Bank for Agriculture and Rural Development plays a significant role in rural development through credit facilities to agriculture and village industries. Watershed Development programme, Farm Innovation programme are commendable in financing for rural infrastructure development. SHG Linkage Programme encourages the banks for micro-financing to self-help groups.
RETAIL BANKING:
Apart from money-lending, Banks have a greater role to promote retail banking with Savings accounts, debit cards and personal loans. Since transaction costs to reach the un-banked are high, alternate methods of delivering retail banking can be formulated like e-corners, Mobile Branches, Payment banks and alternatives to BC model. Also, the need to expand delivery channels like Bio-metric ATMs, Mobile ATMs and ATMs operating in vernacular languages.
DIGITAL BANKING:
India’s ambitions set for digital economy and less-cash society are high and Banks have a greater role to take digitisation forward to the rural economy. Promotion of internet banking, mobile wallets and apps for banking and digital transactions like UPI and BHIM are significant steps to empower rural population. But with a lesser penetration of Internet, Smart phones are a serious concern in rural areas. The usage of USSD codes in feature mobile phones are tedious and most rural population are reluctant to move for digital banking.
Coupled with that, a major challenge that needs to be addressed is lower financial literacy which is a hindrance both to direct and digital banking where the awareness of un-banked/under banked population towards banking services is abysmally low. It needs a great will for the banks to educate the rural population through awareness programs and demo sessions.
Thus, Banks have a greater role to economically develop the rural population by increasing the penetration of organized banking system where currently unorganized lenders dilapidate the farmers and entrepreneurs of small-scale industries.
To make the dreams of all Raashis of 256 financially excluded districts to become like the Shakshi of Akodara, banks have a huge stake. They play a remarkable role to empower the rural economy and pave for its development so that India’s aspirations for a developed country become reality. Because, “The future of true India lies in her villages.”
Areee it’s good u mentioned abt digital India program…
I think better to stress how it will transform the society…
And while writting 9 pillars u stopped mid way…
Wese good one
Review mine please
Areee koi nehi… Kaam chalta rehta he…
Reviewed…
आपने बहुत ही अच्छा निबन्ध लिखा है l लेकिन कुछ चीज़ें ध्यान रखें जैसे कि निबन्ध और सामान्य अध्ययन के उत्तर में काफी फर्क होता है । निबन्ध को पॉइंटवाईस लिखने से उसका सार खत्म हो जाता है । जब भी कोई निबन्ध लिखो, तोह उसे एक ही प्रवाह में लिख दो ।
Thanks…
Varsha…. Intro not atall good…. Write taki lage ki haan Bhai kuch he essay me… Intro must be powerful…
2) even I forgot to mention mention how d effect of demonetization impact and if digital India were a success by now wat wud ve hpnd…
3) how even a chai wala is using Digi wallet so is the transformation
4) so many points u have wat was missing is a structure…
5) again conclusion… Itna bada nehi… Small bt handsome… Wid a positive note
Okey ??
Thanks 4 review
sorry for disturbing you in your work.
(by the way i can’t find anything critical in any of your answer you always write a perfect answer.)
Thanks varsha…
Critical review expected from u….
I will be doing once free…
Thanks 🙂
point taken @forumias-fc5dda17bef960b7c200e7d8063142ec:disqus
thank you
point seriously taken!
thank you @disqus_b7Hhji6nod:disqus
REVIEW MINE ALSO
Very nice….keep writing just I felt that eassy aur general Answer writing me kuch to difference hona chahiye….I mean…use of points should be use as less as possible…k.
REVIEW MINE
@kaustubhkirti:disqus plz review mine
@AKASH PATEL:disqus
plz review
@forumias-7f07ca326ce76cdde680e4b3d568bce8:disqus plz review mine sir 🙂 my first one ..it will motivate me
review my essay plz
WELL WRITTEN ESSAY
WIDE ASPECT COVERED. INTRODUCTION AND 2nd PARA ABOUT A VILLAGE STORY IS REALLY ATTRACTIVE.
(review mine also though not as well structured as yours but i have tried.)
Sir….. Review mine….
@ForumIAS please review mine…
Plz review mine.. thanks in advance
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DIGITAL INDIA PROGRAM TO TRANSFER INDIA INTO A KNOWLEDGE ECONOMY
Digital India is campaign launched by the government in 2015 to ensure that govt services are made available to the citizens electronically and improving online infrastructure and increasing internet connectivity. It includes plans to connect rural ares with high speed internet connectivity . India is in the 2nd largest user of internet services after china. however the internet penetration is quite low in rural ares. digital India program aim is to provide universal access to internet and broadband. Technology has witnessed rapid development and internet has become a boon in accessing knowledge, our lives has become influenced by it whether it be business , school, offices etc. It has revolutionized every sphere of our life.
the digital india progrrame has nine pillar:
1.Broadband highways:For providing broadband access to rural and urban areas.
2.Universal acess to mobile connectivity:would focus on network penetration and fill the gaps in connectivity
3. Public internet acess programes:Post offices would be converted to multi service centres
4.e-governance: Reforming govt through technology: online application, tracking of their status would become simpler. Public grievance redressal to resolve problems.
5.e – kranti: electronic delivery of services : includes various components like technology for education : schools will be provided with broadband, technology for health:online medical consultation, technology for justice in the form of e- courts.
6.Information for all: govt would interact with citizens through social media through sms and messages and provideinformation to citizens under the scheme
7. ELECTRONIC Manufacturing: provide skill development to the youth for job oriented programms.
8.IT for jobs:Students will be trained for IT sector jobs.
9.Early harvest programs: providing wifi in universities, biometric attendace
Digital India provides facilities like Digi-locker to secure access to govt issued documents like certificates, MYGOV.in to share inputs on matters of policy and governance;citizens can interact with govt through a “DISCUS” , DO and DISSEMINATE approach.
Digital India helping students.
online learning programs like e pathsalas , e- basta scheme has helped the students. students can get information at their home. they can do many courses online without going to college and they are awarded certificates also at the end of the course. students can submit their online forms without standing in long ques. Live videos are telecast to interact with the students and problems are addressed through online programs.
Initiatives of Govt like m-kisan helping farmers through voice and text messages , on demand videos , farmer helpline to provide effective advice on relevant crops and livestock, farmers can be made about weather beforehand to take necessary measure; farmers can sell their through e- NAM(electronic national agriculture market).
altough digital india programs has done so much for the cause of development but it has some it has some challenges too, network coverage is very low in villages, most service provieders do not have fibre lines. the recent hacking of accounts shows the dismal state of cyber security in the country. govt also faces the shortage of infrastutre to meet the demand of providing villages with the connection. the digital india programme is one of thetstep in the right direction and would take india to new heights
Please review…..
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Digital India initiative is an extended and transformed version of e-Governance project which is in place since mid-1990s. Various e-Governance projects all over the country encompassing all the government departments have not been able to bring about desired results. Thus there was a need felt by the current government to overhaul the present infrastructure of e-governance plan and also include additional objectives in the new initiative.Through the implementation of this scheme, the gap between government departments and people in general would be minimized. Services and benefits provided by the government would reach to the citizens in quick time and without much hassle. It will also ensure local electronic manufacturing and job creations for Indians.
Therefore, to realise the objective of making India a ‘Digital Society’ and a ‘Knowledge Economy’, PM Narendra Modi envisioned the scheme of “Digital India” so as to transform the entire concept of Governance by making it more transparent and accessible to the citizen.
The Digital India initiative is being envisaged by Department of Electronics and Information Technology (DeitY) but other ministries are also involved such as Ministry of Communications & IT, Ministry of Rural Development, Ministry of Human Resource Development, Ministry of Health and others also.
VISION AREAS OF DIGITAL INDIA
The main vision of Digital India initiative is to ‘transform India into a digitally empowered society and knowledge economy’.
To achieve this vision, the government has marked three Vision Areas, viz.:
Making digital infrastructure as a utility to every citizen.
Making Governance and public services on demand.
Making citizens digitally empowered.
Important objectives under these vision areas are:
High-speed internet connectivity for fast delivery of public services.
Creation of unique digital identity for every citizen.
Providing private space on public cloud.
Making cyber-space safe and secure.
To make government services available in real time through online medium.
To improve ease of doing business through transformed digital services.
Financial transactions are to be made cashless and electronic.
Universalization of digital literacy.
Making digital resource and services available in Indian languages.
Making governance citizen participative through collaborative digital platform.
SUCCESSES OF DIGITAL INDIA
Digital India has been introduced to ensure smooth implementation of e – governance in the country and transform the entire ecosystem of public services through the use of information technology. Some of the schemes launched under digital india are:-
E-Pathshala: Transforming Learning through Technology
The Ministry of Human Resource Development introduced the e-Pathshala programme to promote ‘learning on the go’ among students, teachers and parents. Through this initiative, free access to NCERT books is available to students of classes 1 to 12. These books are available in both Hindi and English.14
eBiz platform
The initiative, driven by the Department of Industrial Policy and Promotion (DIPP), seeks to provide comprehensive Government-to-Business (G2B) services to business entities with transparency, speed, and certainty. The aim is to reduce several levels of points of contact between business entities and government agencies, establish single-window services and reduce the burden of compliances.15
My Gov platform
This is a platform for citizens to exchange ideas and suggestions with the government. Through this initiative, the government receives feedback, inputs and ideas from people regarding policy decisions and new initiatives like Digital India, Swachh Bharat, Make in India, among others.16
Jeevan Praman
The Jeevan Praman programme enables pensioners to conveniently submit their life certificates online through this portal. The certificates are stored in the Life Certificate Repository and available to pensioners and Pension Disbursing agencies.17
Digital Locker System
DigiLocker is a key initiative under Digital India. This programme is targeted at paperless governance and is a platform for issuance and verification of documents and certificates digitally. A dedicated cloud storage space is given to all those who register for the Digital Locker account. To make it an easy process, this storage is linked to their Aadhar (UIDAI) number. Organisations that are registered with Digital Locker can push electronic copies of documents and certificates (e.g. driving license, Voter ID, School certificates) directly into the citizens’ lockers. As per the official website, there are 39, 64, 008 registered users and 50,47,204 uploaded documents.
CHALLENGES BEFORE DIGITAL INDIA INITIATIVES
The Digital India project, no doubt is one of the grandest projects till date because it embraces all the government machinery and departments in its fold; its aim is to create a truly participatory democracy with the use of digital technology; its target is to connect more than 120 crore Indians with their Government so that they could avail services and benefits of government services in real time and also get their grievances redressed in quick time.
But to implement this scheme is a great challenge before the Government; firstly,connecting 250000 Gram Panchayats through National Optical Fibre Network is not an easy task; it will require a lot of efforts and dedication from BSNL, the nodal agency for laying down the cables; secondly,improving IT literacy is a great task ahead because for the project to become successful, it is necessary that mass of people must know how to utilise the digital services; thirdly,security of data is very important because digital medium is still very unsafe and data vulnerability is a big issue specially in financial transactions; thus, internet data security is a big concern ahead; fourthly,making Digital India scheme known and creating an awareness among common masses about its benefits is also a great challenge.
CONCLUSION
Even though India is known as a powerhouse of software, the availability of electronic government services to citizens is still comparatively low. The National e-Governance Plan approved in 2006 has made a steady progress through Mission Mode Projects and Core ICT Infrastructure, but greater thrust is required to ensure effective progress in electronics manufacturing and e-Governance in the country. The Digital India vision provides the intensified impetus for further momentum and progress for this initiative and this would promote inclusive growth that covers electronic services, products, devices, manufacturing and job opportunities. India in the 21st Century must strive to meet the aspirations of its citizens where government and its services reach the doorsteps of citizens and contribute towards a long-lasting positive impact. The Digital India Programme aims to transform India into a digitally empowered society and knowledge economy by leveraging IT as a growth engine of new India.
thanks…@forumias..
thanks…
thank you sir…..
elaborately wriiten
very well structured and examples with a clear demonstartion of banks role in rural development
I think the first paragraph regarding bangladesh does not fit in much here.It would look better if u start from second one (just my opinion,plzzzzzzzzzz dont mind bro).
thank you
okk bro
thank you.will inculcate it
thank you
will keep in mind henceforth………
Well written good . Review mine
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🙂
yes.
Nice answer .
Yes, kindly review his answers as well 🙂
ok.
yes..
yes.
True.
The is great ending with a great quote to add to the point of banking in rural economy. However you can work upon the following 1) current state of banking system in rural areas 2) way forwards and your suggestion
You have summarized the current state of banking and its advantages for further development.
A structure like Introduction—>Need of banking in rural area —–>Current State—–>Suggestions might look good (personal opinion)
nice one …good coverage…could have covered DBT, JAM trinity reducing leakages and corruption…plz review mine
thank you bro
plz review mine and give your valuable feedbacks so that I can improve as well
@forumias-7f07ca326ce76cdde680e4b3d568bce8:disqus thanks for the review.. will keep frontrunner’s points in mind
superb bro….especially the introduction is catchy
rest diverse points covered and well structured
hope to learn along you as we progress closer to our success
thank you
good one…just expand the intro and conclusion…review mine plz
sir plz review the whole essay…it was just part of it
thank you @Rhythm 2017
very good essay…covered almost all aspects of Digital India….i think u should have talked a little bit more about Knowledge Economy…how it is going to benefit India and its standing in international arena …rest are fine…review mine
thank you
nice essay @disqus_b7Hhji6nod:disqus
very holistic and in line with the topic
please review mine
Thank yo Sir
thank you sir !
Good Essay……Keep writing
Agree.
Nice review. Agree.
You have improved 🙂 Good.
Hehe.. Good. Keep writing! Peer review would also happen. Ask others to review as well.
sure
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Thanks for following Arun 🙂
Morning Ishaan. Start writing 🙂
Morning.
Well written..
Yes, nice review.
Good.
Awesome!
Acha likhi hain 🙂 Keep writing!
Well tried.
Good Essay Akash.
plz review @forumias-7f07ca326ce76cdde680e4b3d568bce8:disqus recently join in marathon..
nicely cover dimensions plz review mine…
review plz…..
Digital India : A programme to transform India into a knowledge economy.
डिजिटल भारत : भारत को ज्ञान अर्थव्यवस्था में बदलने के लिए एक कार्यक्रम।https://uploads.disquscdn.com/images/451c90b2bb60d2d0b722423667b2585c91d7b1b0cddb14997e803d29d369563d.jpg https://uploads.disquscdn.com/images/7ffcddc5cf3e1374290ecde2bd136918b3b3ef8ebf41e4cc72d95d896cbdcce6.jpg https://uploads.disquscdn.com/images/7e1b050a00508ae1981fe45da2c597138a844718ac412cfe983c993417898a25.jpg https://uploads.disquscdn.com/images/32f931feda81c970acd9ea57a0f3e9790a3a09c99a2d708abd2fdd7659906a4f.jpg https://uploads.disquscdn.com/images/abd3304c0ac6f6247491cd70821ecc0023a0c23a5e65b3fff3b74be078ab188a.jpg https://uploads.disquscdn.com/images/14c494db18e69e74ef0a8fcf222580cb9343b0c1823f20210f58a4dda951dc2c.jpg
Review mine @forumias
acha likha h apne
ROLE OF BANKING IN RURAL DEVELOPMENT :
Money, everybody knows, makes the mare go. The banking industry, is therefore, the real backbone of any country because it controls the entire economy. It was some twenty years after the attainment of independence in this country that the national leaders thought of involving the banks in a big way in the development plants of the country.
Banking industry in India has come a long way from the time when banks used to be mere deposit-taking and money-lending institutions. The aim of the bankers at that time was maximum profits with minimum risk. ‘Class banking’ and not ‘mass banking’ was the motto of the people managing the banks. But with the nationalization of banks in 1969, the concept and attitude of the bankers got totally changed. Banks became institutions with social responsibility. They decided to go to weaker sections of the society and help them in achieving their aspirations. Rural areas which hitherto were untouched by banks became the special targets of the banks. Opening of branches in rural areas assumed new significance. As a consequence, more than 40% of the branches of nationalized banks are in rural areas. In spite of rapid industrialization and development of cities, more than 70 percent of the people live in rural areas. It is therefore, clear that India can’t progress without making an earnest effort to improve their lot. Rural populace has to be involved in the mainstream of the nation in one form or another.
Banks have contributed a lot in developing in rural India. Banks were entrusted with this Herculean task immediately after nationalism. The target was to provide at least one bank for every 17,00 of population in rural and semi-urban areas. Thanks to the dedicated work under its apex organization for agriculture, NABARD, banks have already achieved this target. NABRARD regulates the flow of credit, monitors growth of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. Regional rural banks were also created to meet the credit requirements of only weaker sections and small entrepreneurs. A lot has been done by the banks for the above classes of people residing in rural India.
Rural indebtedness had taken deep roots in the country. It constituted a serious economic, social and political problem. Banks came to the rescues of the rural population as a ‘messiah’ and gave them a new sense of dignity. The picture of rural India has changed in a big way during the last two decades. There has been no scheme or development project in which banks have not been directly involved. Be it IRDP, RLEGP, TRYSEM, SEP UP or POP, banks have always been in the forefront. Banks, it can be claimed, have achieved almost all the targets for priority sector advances fixed for them in the last few years. Banks are not only giving loans for purchase of tractors, seeds or for digging of wells, but also becoming active participants in bringing new technology to the farmers and in educating them.
In fact, it is through the banks only that the Indian farmer is reaching out to the latest advances in the field of agriculture. The day is not far off when the face of India will be changed beyond recognition. In that respect, the major share of the credit would certainly belong to the banking industry in the country.
Rural banking – diverse business model :
Banking has become imperative all household irrespective of their social and financial status and expects minimum financial services from the banking system. The recent financial inclusion initiatives of the government provides access to banking service at all villages through branch banking or business correspondent at affordable cost is going to transform the banking landscape to greater extend and it is important business segment for banks.
Alternate delivery channel :
ATM has brought sea change in Indian banking space with significant qualitative improvement in delivery of banking service and within short span the presence of ATM are out numbered in the physical branch network
Micro ATM :
There is considerable improvement in ATM network. The presence of ATM in rural area is very limited. Banks are not keen to install ATM at rural / semi urban center an account of high investment and low transaction volume
Mobile ATM :
ATM is installed in a vehicle which would move to the pre determined place at regular interval to provide door set up banking. These new breed of ATM also have biometric authentication mechanism like finger point verification and voice guided animated screen with touch enabled transaction
White label ATM :
The recent initiative of the RBI and government is to all while label ATM permitting 3rd party service provided to set up more ATM in off premise areas .which include resendtial complexes , hospitals , tourist destination , bus stop
Mobile banking:
M- wallet is the further extension of mobile banking and it acts like a prepaid account operated through a mobile phone which can be used for small purchases , remittance, bill payment and cash withdrawls
Challenges :
Technology- through mobile banking is most effective compared to other channel to reach un banked areas all three stake holders viz.., the telecom operator, banks and merchants should work in tandem with suitable business model on robust technology platform to achieve the desired results
Financial literacy: on the major chunk of prospective customers are likely from un banked/ under banked population whose awareness towards banking service is limited . It warrant strategic initiatives from banks inviting investment in customer education through financial literacy and awareness program
Recently announced schemes of government :
PM Modi announced the number of schemes during the speech on the eve of the New year
For farmers: sixty days interest waiver for farmland is taken by district cooperative bank and cooperative society. The government will convert 3 crore Kisan credit card to Rupay credit card
For small businesses : credit guarantee for SME enterprise to be raised to Rs. 2 crore from current Rs . 1 crore . For small business banks have been asked to raise cash credit limit for small business to 25 % from 20 %
Conclusion :
Every household is bankable . Today around 100 million rural household are away from banking system . The initiative of the policy makers , regulator and banks in the direction are going to transform the rural India in a big way. This decade definitely be an iron for rural banking and pave the way to achieve the long cherished dream of inclusive growth
Plz review
Digital India : A programme to transform India into a knowledge economy.
डिजिटल भारत : भारत को ज्ञान अर्थव्यवस्था में बदलने के लिए एक कार्यक्रम।
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Digital India: A programme to transform India into a knowledge economy
“Success in the knowledge economy comes to those who know themselves – their strengths, their values, and how they best perform.” – Peter Drucker
21st century is defined by two things majorly – the access to information and high rate of technological reforms. World is changing and adapting to new ways of sharing and receiving information faster than ever before. In the era of Globalization, every country is trying to be ahead in the race with its competitors and so is India.
Digital India is the Flagship programme of the Govt. which aims to transform the country into a digitally empowered society and knowledge economy. It is more like a vision that foresees India’s digital evolution is holistic. The source of funding for most of the e-Governance projects at present is through budgetary provisions of respective Ministries/ Departments in the Central or State governments.
What is Digital India?
Digital India is an umbrella programme, and it can broadly be divided into three vision areas:
1. Infrastructure as Utility to Every Citizen: Deepening internet connectivity, mobile connectivity, banking penetration in at village level. Easy access to common service centers and safe and secure cyber space in the country.
2. Governance and Services on Demand: Connected, real time, single window service delivery. Improving Ease of doing business, financial transactions.
3. Digital Empowerment of Citizens: Providing accessibility, universal digital literacy and cloud service in regional languages.
The scope of Digital India is also very wide as it covers:
1. To prepare India for a knowledge future.
2. On being transformative that is to realize IT (Indian Talent) + IT (Information Technology) = IT (India Tomorrow)
3. Making technology central to enabling change.
4. On being an Umbrella Programme – covering many departments.
a. The programme weaves together a large number of ideas and thoughts into a single, comprehensive vision, so that each of them is seen as part of a larger goal. Each individual element stands on its own, but is also part of the larger picture.
b. The weaving together makes the Mission transformative in totality.
The Nine pillars of Digital India:
Digital India aims to provide the much needed thrust to the nine pillars of growth areas. These nine pillars covers the whole range of implementation areas.
Major areas include:
1. Broadband highways: Broadband for rural and urban India by 2017. Integrating SWAN, NKN, NOFN for national information infrastructure. Target to cover 100,000 Gram Panchayat in 3 years.
2. Universal access to mobile connectivity: Covering around 42k remaining villages in the network and enable other infrastructure support.
3. Public Internet Access Programme – National Rural Internet Mission: this includes 2,50,000 Common service centers at every Gram Panchayat level and 1,50,000 Post offices to become Multi-service center.
4. e-Governance – Reforming Government through Technology: Government Business Process Re-engineering using IT to improve transactions. Electronic Databases, Workflow automation, Public Grievance Redressal to be implemented across government – critical for transformation.
5.e-kranti for delivery of services and IT for job
How does it work? Approach and Methodology:
The programme at national level is administered by Monitoring Committee of Digital India, chaired by the PM including ministers of relevant ministries and departments. All the states are required to align all the e-governance programmes with the principles of Digital India with flexibility to identify for inclusion additional state-specific projects, which are relevant to their socio-economic needs. The positions of Chief Information Officers (CIO) would be created in at least 10 key ministries so that various e-Governance projects could be designed, developed and implemented faster.
Adoption of Unique ID would be promoted to facilitate identification, authentication and delivery of benefits. Public Private Partnerships would be preferred wherever feasible.
Challenges and changes needed for success of Digital India:
In the history of Indian governance programme of such scale was never conceived. And hence the challenges are real and must be tackled with deliberation. Major challenges include:
1. Human resource issue: NIC is not equipped for fraction of this task and needs revamping and restructuring. DeitY needs program managers at senior level for better handling. Ministries need Chief information commissioners.
2. Finance resource issue: Mostly structured around ongoing programs – Better focus, need some restructuring. Some others are process improvements or better utilization of resources. A few new programs may be needed – particularly in Electronics manufacturing and Skill Development
3. Coordination Issues: Program covers many other departments and hence need commitment and effort with an effective leadership and support critical for success
With all this machinery in place, programme up and running a very crucial area still remains which is outside the control of Govt. i.e. active participation of the citizens to make this vision a reality. Even though India has a thriving IT sector a large chunk still remains in the grey zone of old methodology to perform work related to banking and transactions. There is need of behavioral change in the mindset of people. Very little can be achieved if there is less govt. to people interaction regarding the mission. Hence, India in the 21st Century must strive to meet the aspirations of its citizens where government and its services reach the doorsteps of citizens and contribute towards a long-lasting positive impact. The Digital India Programme aims to transform India into a digitally empowered society and knowledge economy by leveraging IT as a growth engine of new India.
well written .covered many aspects.but it is little technical type.As essay is a general paper little generalist approach in your essay would make it superb reducing the technical jargons.
Please do not mind for my words
please review mine
thank you
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well constructed in points.If possible could have included how agriculture and society is benefited by banks and specifically how banks help in economic growth,restoration of individual dignity through savings in bank.Its about overall development and not only economic development.thank you
kindly review mine
Role Of Banking In Rural Development-
Introduction-
Indian Banking sector played an important role in the economic growth of india since 18 th century.Rbi is the main authority of public sector bank ,private banks ,financial institution and non financial institution .Banking system is classified into schedule bank and non schedule bank.
Role of Banking Sector in rural india-
In this current scenario there are many rural areas where people does not know about the schemes launched by the government of india.Banking sector is the best deliver channel to make the awareness of schemes to the educated and uneducated people in the rural area.In rural area people having the normal saving account ,who does not even know the technology development in the banking sector through Mobile Banking,ATM credit,card Loan Facilities ,Net Banking etc.
The Greatest Impact made by the banking sector in rural india are as follows-
1) Wealth Farmers- Bank announces various schemes to farmers to develop their financial status and economic growth of india in rural area.Bank provides the loan amount with low interest to develop the agriculture sector through farmers .In each and every bank they have the agriculture officers to guide the farmers regarding loan facilities and schemes provided by the bank.
2) Wealth to the education system- Educational Loan provided by the bank make the fantastic impact on low level and middle level peoples’ children education.By this loan rural area people can give the good education level to their children .Education is one of the main development of the rural area made by banking sector.
3) Wealth to the busines –
*Mudra Bank is one of the crucial steps taken towards the development in the banking sector.Mudra Bank is specially devoted for the micro units/small level business level for low and medium level people.
*Pradhan Mantri Mudra Yojanascheme is used to develop all micro units business development.
The schemes provided by Mudra Bank are-
* Shishu covers loan amount upto 50000
* Kishore covers loan amount upto 50000-5 lacs
* Tarun covers loan amount upto 5lacs-10 lacs
Mudra Bank makes the milestone to the small level enterprises to enlarge their business activity.
4)Retail Banking- Retail Banking which known the as consumer banking provides the services to individual consumers rather than companies,Through retail banking ATM,Saving Account,Debit and Credit Card,Personal Loan,Home Loan etc are rural area people have access to the banking sector.
Conclusion-
The major advantage of banking sector is ATM which provide debit and withdraw the cash amount 24*7 manner,still banking sector making the awareness to the people about Net Banking,Mobile Banking,Credit Card Facilities,Business Loan,Home Loan ,Personal Loans,Mortage Loan through advertisement ,Campaign,making calls to customer,giving the booklet which covers the banking facilities etc.Banking sector is one of the way to convey schemes to consumer and the consumers enjoying their availanle schemesintoduced by government of indis through banks..
Banking Sector is making a fantastic growth of rural areas which inturn develop the economy growth of the country.
Good essay covered many points.
Role of Banking in Rural Development.
Rural Development has been a key governmental objectives since independence. Rampant corruption and drain of wealth during the Colonial Raj destroyed the Indian villages. The Muslin handicraft weavers, plantation labourers and the farmers were deprived of a decent standard of living due to higher taxation, zamindari system, bedhakhali and taxes like nazara. Many of the satyagrahas like the Champaran Satyagraha against the 3/20 system of indigo planters in Bihar and the Kheda Satyagraha were to address the dismal state of poor and to question the rights of the rulers to impose unscrupulous taxes. Independent India took a conscious step to implement development of the rural India as part of Directive Principles of State Policy. India chose to be welfare state considering >50% GDP and >70% workforce depended upon the rural economy.
Rural economy contributes to more than 50% GDP today (in form of agriculture and cottage industries) and provides employment to nearly 60% of the workforce. With the explosion in the demographic dividend in India it is expected the pressure of existing sources of GDP generation and employment is going to increase. It is expected that by 2035 we will have > 60 cr who would be less than 35 years of age. Therefore an overall development of rural India is needed. Few of the reasons why the development of rural India is need of the hour. One, as mentioned able in order to be able to utilise the demographic dividend exiting strengths like the rural economy should get a boost. Two, rural economy’s growth is tantamount to India’s food crisis through agriculture production. Three, development of cottage industries would help development of local industries in rural India. Forth, social tensions exists due to disproportional growth between Indian cities and villages leading to mass migration and abandonment of agriculture. Fifth, India being a welfare and a socialistic economy needs to pass on the fruits of development to rural India. Therefore as part of government’s principles it is necessary that rural economy grows.
Growth of rural economy is directly proportional to penetration of banking services among the marginalized farmers and laborers. Banking services helps not just the farmers in getting a robust credit model but helps government to access the citizens. Banking industry is important for rural development because of the following reason. One, it will help in financial inclusion by providing access to banking services to Indian villages. Currently the push for Aadhar and Bank Accounts to the PM Jan Dhan Yojana is government’s push to pull people into banking. Two, improved access to credit- due to live bank accounts, live accounting trails and KYC process done while opening bank accounts. Three, reduce transnational issues by electronic transfers. Forth, ensuring minimum wages from land owners or plantation owners which can be verified through banking trail. Fifth, direct access of the government to the end citizens for subsidies. Recent implementation of Direct Benefit Transfer through Aadhar enabled banking not only reduced the leakage to middle men but made the entire process robust, simple, time bound and user friendly.
However even though the importance and scope of development of rural India through rural banking is immense today. The country faces huge crisis. More than 30 cr people are still outside the net of Aadhar even though constant promotion by the government. Many of these people are in the rural areas. Currently banking system is driven by Banking Correspondents (BCs) since opening bank branches does not has positive Net Present Value (NPV) and positive ROI. BCs come at specific locations which may need a day’s time to travel adding to the woes of banking system. People are at the mercy of efficiency of BCs for depositions, withdrawals and other transaction. Most of the bank branches in the rural areas belong to Public Sector Lenders due to lack of profitability (of Private Lenders) in rural sector. Key lending is done through Cooperative Banks which charge higher rates of interest. Money is cooperative banks are diverted due to PSL norms specified by RBI. Cooperative banks offer banking services but at substandard service levels.
Credit flow in the banking is also limited due to higher risk of NPA, lack of credit analysis models and dependence on rains for agriculture. Due to lack of credit the rural agriculturist fight for small amounts of credit at higher rate. Due to lack of banking facilities many of the measures for trade facilitation like bill discounting, Negotiable Warehouse Receipts, Packing credit etc which are valid financial instruments are not accepted by BCs. Minimum wage payments is done fraudulently part fixed part kind. The same does not features in banking so escapes government’s eye.
Therefore banking in rural areas is key to resolve the existing crisis in villages and empower them for development. Recent simplification of PSL norms by including unorganized industries and intra bank transfer of PSL certificates are positive steps to boost banking in India. Governments push through PM Jan Dhan Yojana, Demonetization and DBT in Kerosene and Gas Cylinders are positive initiatives by the government. The key objective of the government should be simplification of processes, installation of infrastructure and creating awareness of end users. Government has also made Aadhar numbers mandatory for various scheme like EPF which will push rural people to banking. Government has also increased the PSL limit for loan against property to Rs 50 million to unorganized units, loan waiver for smaller loans and interest subvention in certain agrarian financial products.
Therefore moving ahead few of the things on which the government can work to resolve the banking crisis in rural India. One, address the issues of integrating JAM for all schemes and subsidies. Two, Providing support to new fin-tech startups and payment banks to open branches in rural areas. Three, addressing the high rates of interest offered by cooperative banks. The same to done by constructing robust credit models of farmers who are now part of banking system. Forth, proving support to private banks to set up shop in rural India through government support. Fifth, creating awareness among the customers on the banking products and its use. Many of the products like packing credit and bill discounting which help in making working capital cycle of the farmers simpler however have yet to find use in rural India due to lack of awareness. Therefore a holistic addressing of the concerns would go a loan way in solving the current ongoing crisis.
As famous marketing specialist CK Prahlad has pointed out that it is at the bottom of pyramid the maximum scope of profit making exists. It is just that the companies have to exploit ways to do the same by rebuilding, rethinking and overhauling business models.
gm guys…….
gm guys 🙂
ty FI 🙂
Thank u forum
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