• Dr. Md. Tabrez Ahmad

The basic objective of banking reform is to establish a viable banking system that will help in the development of the economy. At the time of independence, the banking system was largely urban oriented and out of reach of rural population and agricultural sector. The reality is that agriculture is a very important sector for the continued growth of the Indian economy. According to the 2011 census, 69% of the people live in rural areas and depend on agriculture for their main income. But the agricultural sector is suffering from lack of advanced technology, poor infrastructure, lack of market and capital, lack of basic agricultural needs like irrigation-fertilizer etc. But the banks did not pay any attention to the agricultural sector, so farmers were forced to take loans from private moneylenders at very high interest rates with stricter terms and conditions. Therefore, banks should consider these facts to invest more in infrastructure. Such agricultural infrastructure can be improved by banks, as there is ample scope for banks to invest in the above activities and to make the banks more participatory and friendly environment through policy implementation so that the agriculture sector is taken care of by any other sector can be sorted. So, after recognizing the importance of agriculture for the development of India, the Government of India and the Reserve Bank of India have played a major role in establishing an institutional framework to increase the credit requirements for the agricultural sector.

banking reform, agriculture sector, agricultural credit, farmer, loan.

"REFORM IN BANKING SECTOR FOR THE DEVELOPMENT OF AGRICULTURE SECTOR", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 11, page no.716-719, November-2018, Available :http://www.jetir.org/papers/JETIR1811C09.pdf

"REFORM IN BANKING SECTOR FOR THE DEVELOPMENT OF AGRICULTURE SECTOR", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 11, page no. pp716-719, November-2018, Available at : http://www.jetir.org/papers/JETIR1811C09.pdf