BANKING AND AGRICULTURAL DEVELOPMENT ROLE OF MIZORAM RURAL BANK

Abstract

Banking is an important segment and acts as a backbone of economic development or progress. Banks render or provide very important services to the masses belonging to the various sectors of the economy like agriculture, industry whether small scale or large scale. Banking system is one of the few institutions that impress on the economy and affects its performance for better or worse. They act as development factor engaging and are the source of hope and benefit for the people. As an economic institution, banks are supposed to be more directly and positively related to the performance of the economy in the country. Banking, if equated with money lending, is perhaps as old as the ancient civilization (Singh: 1983).