Bihar is one of the poorest and most populous States in India. It is 12th largest in terms of geographical coverage (2.8% of the total land area) and 3rd largest by population (8% of the total population of the country). The decadal population growth rate of the State during 1991 to 2001 was the highest in the country at 28.62%. Of its total population, 89.5 percent lives in rural areas. The combined share of ST/SC population is 16.4% of the total population of the State. In terms of Human Development Index, Bihar is at the lowest position among all the major Indian States. Per capita income of Bihar is the lowest in India at only 25.1 percent (Rs. 5,772) of national per capita income (Rs. 22,946). The State ranked as 7th poorest with 42.56% …show more content…
Table 1 an overview of Bihar according to the census data (2008).
Status of Banking and Financial Services
Bihar is one of the most undeveloped States in terms of the outreach and development of banking services. Despite being third largest in population, the banking network in the State comprises of only 5 percent of the all bank branches in the country. The bank branch network in Bihar shows that out of a total of 3,698 branches of various banking entities, 63% of the branches are in the rural areas, 20.7% in semi urban area and 16.3% are located in the urban centers2. Given a rural area of about 94,000 square kilometers this translates to a bank branch on average every 35 square
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In terms of population, estimates suggest that the branch population per bank in Bihar is approximately 23,000 in comparison to the national average of 15,000. The rural urban divide in Bihar is also very stark with each rural branch serving 31,000 people as compared to 18,000 people in the urban areas. Formal banking shows another facet of low penetration. 37 out of 538 blocks in the State have no bank-branch. About 700 to 800 branches out of about 3,700 bank-branches in the State are single-person branches. Private commercial banks are concentrated in only a few urban centers in Bihar. Besides this, Bihar has a large number of Primary Agricultural Credit Societies (PACS) (8400) and other credit cooperative societies (250). Though data shows a significant network of rural branches in Bihar, aggregate level data conceals the huge concentration of banks in a few pockets of the State. Regarding the concentration of branches in rural areas, Muzzafarpur, Gaya, Purbi Champaran, Patna and Samastipur districts
In 1707, The Mughal Empire was collapsing while the east india company (Britain) was using this as an advantage to take power over india,by 1757 after the battle of plassey they have taking rule over india leading them to use india for its resource/workforce.The laws created by the British had a structured government,but was strucerd to control the indians.Raw resources from india was moved to east india company control which ,however lead to the need of a workforce.British control as far as it goes for social was not positive because of the millions of deaths from the cause of famine which was the cause of cash crops.British control was not positive it was negative impact on india and its people.
The Transformation of the “Indian Problem”. In this paper, I plan to examine the marked transformation and the history of the so-called “Indian Problem.” The idea of an “Indian Problem” began with the arrival of white settlers in North America, and for them, it was a problem of safety, security, and land acquisition. Around 1890, the “Indian Problem” became an issue of how to help the Indians go extinct humanely, or to assimilate into white culture.
Mishra, Pulak, Behera, Bhagirath, and Nayak, Narayan Chandra. 2010. “A Development Delivery Institution for the Tribal Communities: Experience of the National Rural Employment Guarantee Scheme in India.” Development Policy Review 28 (4): 457-479. doi:10.1111/j.1467-7679.2010.00492.x
Banco Compartamos is a commercial microfinance institution rather than a village bank. Up to date, the expansion of the institution has seen it branch out numerously from the pilot objective, which is giving loans to the poor. Analyzing the services delivered by the Grameen Bank in Bangladesh, there is a kind of direct focus on the poor. Notably, loans are not advanced ...
...an HDI of 0.36. These discrepancies in levels of development have led to an exodus of people, from less developed areas to the areas that have been benefitted by development. This situation seems to depict that predicted by the Dependency theory in which the developed countries progressed due to the exploitation of peripheral nations; the same seems to be happening in India. The states that are wealthier are exploiting the poorer states. It would be difficult to imagine India having the economic status that it now has, if it was not for the terrible working conditions and wages at which the Indians are willing to work and the massive work force available in the country. Now that India has seen economic growth the government should start taking care of its citizens by implementing policies that protect the labor rights of the workforce.
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India, the second highest populated country in the world after China, with 1.27 billion people currently recorded to be living there and equates for 17.31% (India Online Pages 2014) of the world's population, but is still considered a developing country due to it’s poverty and illiteracy rates. As these nations continue to grow at rates that are too fast for resources to remain sustainable, the government’s in these areas wi...
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