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Showing posts with the label Rural Market

Government of India's Initiatives: Affordable Food for Low-Income Individuals and Households

  In a country as diverse as India, ensuring access to affordable and nutritious food for all citizens is a top priority. The Government of India has implemented several initiatives to address food security and provide subsidized or affordable food items for low-income individuals and households. These initiatives aim to alleviate poverty, reduce hunger, and improve the overall well-being of vulnerable populations. In this blog, we will explore some notable initiatives undertaken by the Indian government to make food more accessible and affordable for those in need.   Public Distribution System (PDS) The Public Distribution System (PDS)   “Sarkari Rashan Card” is a cornerstone of the government's efforts to provide subsidized food grains to low-income households. Through a network of fair-price shops, essential commodities such as rice, wheat, and sugar are distributed at significantly lower prices. The government procures these commodities from farmers and ensures their avai

Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY): Empowering Rural Youth Through Skill Development

 In a country like India, where a significant portion of the population resides in rural areas, empowering the rural youth with the necessary skills and providing them with sustainable employment opportunities is crucial for the overall development of the nation. Recognizing this need, the Government of India launched the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) as part of the National Rural Livelihood Mission (NRLM). This ambitious scheme aims to skill rural youth who are economically disadvantaged and provide them with jobs that offer regular monthly wages or even exceed the minimum wage standards.   Understanding DDU-GKY Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) is a flagship program of the Ministry of Rural Development, Government of India. It was launched in 2014 with the aim of transforming the lives of rural youth by providing them with market-relevant skills and linking them to sustainable wage employment opportunities. The program follows a 3

Understanding the Indian Rural Economy and the Failure of Rural Development Programs

  India, with its vast rural landscape, is home to a significant proportion of its population. The development and upliftment of rural areas have been a crucial objective for the Indian government for decades. Various initiatives and programs have been implemented with the aim of boosting the rural economy, improving living standards, and reducing poverty. However, despite the concerted efforts, many challenges persist, and the success of rural development programs has been limited. In this blog, we will delve into the complexities of the Indian rural economy and explore the reasons behind the failure of rural development programs.   The Indian Rural Economy   The Indian rural economy is primarily agrarian, with agriculture playing a central role in the livelihoods of the majority of rural households. Agriculture contributes to the country's GDP and provides employment to a significant portion of the rural population. However, it is characterized by several challenges, incl

Financial Inclusion And Rural Entrepreneurship

Looking at the current economic scenario it is somewhat absurd in context of talking about normal growth. Although getting a satisfactory growth rate in agriculture, manufacturing, transport, communication, real estate, information technology and service sector by inclusion of high tech models and reforms, rural entrepreneurship isn't getting a good ambience to flourish.  1950-51 2020-21 National Income 269724 Crores 11718380 Crores Per Capita National Income 7513 86456 (annual growth rate 3.55%) Economic inequality is a common thing. Almost everyone gets how it brought social change and disparity among people. Reasons could be anything such as lack of clarity in current business models, worst norms or low level of economic idea execution.  Rural areas have several problems and some remain unsolved from the beginning of democracy. The most common problems that rural areas have are poverty, illiteracy, poor health and unemployment.    Rural entrepreneurship is just the h

Rural Market & Agriculture Sector

The agriculture sector in India isn't uniform. Due to commercialization of agri-products there is high productivity. It's called cash crop whereas some places suffer floods, poor cropping patterns due to lack of knowledge, bad soil conditions and weather dependency. Although 70% of India's population lives in over 6 lakh villages, gap in the literacy rate between urban and rural is almost 20%. Now recovery in rural is happening by setting the retail wholesale pricing by increase of the market demands and supply. The estimated GVA of agriculture in 2017-18 was 16.14 %. Vision 2025 report, India's organic business has immense potential to reach the Rs. 75000 crore mark by 2025 from Rs. 27000 crore (2015).