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Scope of MBA in Rural Management in Banking & Finance

Agriculture is the principal occupation in India accounting for about 60% of national employment and 17% of GDP (for output). Yet, only 30% percentage of farmers have access to formal financial institutions. This is a huge opportunity for economic development and job creation for MBA in Rural Management especially in the Banking, Financial & Consulting domains.

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The IIHMR University
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217 views1 page

Scope of MBA in Rural Management in Banking & Finance

Agriculture is the principal occupation in India accounting for about 60% of national employment and 17% of GDP (for output). Yet, only 30% percentage of farmers have access to formal financial institutions. This is a huge opportunity for economic development and job creation for MBA in Rural Management especially in the Banking, Financial & Consulting domains.

Uploaded by

The IIHMR University
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Scope of MBA Rural Management (RM) in Banking and Finance

Agriculture is the principal occupation in India accounting for about 60% of national employment and 17% of GDP (for output). Yet, the percentage of farmers who have access to formal financial institutions is less than 30% resulting in the farmers falling prey to predatory moneylenders and getting caught in a vicious debt cycle. Rural finance comprises the full range of financial services loans, savings, insurance, and payment and money transfer services - needed, offered, or used in rural areas by household and enterprises. The term encompasses agricultural finance. Agricultural finance refers to financial services ranging from short-, medium- and long-term loans, to leasing, to crop and livestock insurance, covering the entire agricultural value chain - input supply, production and distribution, wholesaling, processing and marketing. Some of the Agriculture products which banks provide include Crop Loan, Kisan Credit Card (KCC), Finance against Warehouse receipt, Investment Credit, Agri. Gold Loan, Financing of Allied activities such as dairy, poultry etc., Contract farming etc. There is a huge demand of Rural Management professionals in scheduled commercial banks (public, private, foreign banks in India), Regional rural banks, Cooperative banks, Rural development finance institutions like National Bank for Agriculture and Rural Development (NABARD), Insurance and Housing Finance Companies, Money Markets e.g. NCDEX (National Commodity & Derivatives Exchange Limited) etc. Some of the prominent financial institutions where MBA-RM could build their career include YES Bank Ltd. (Agribusiness, Rural & Social Banking), L&T Finance (Agri. Commodity Pledge Finance, PSL etc.), Bajaj Finserv Lending (Rural Finance Business), Axis Bank Ltd. (Agri. Finance), IDBI Bank (Agriculture Finance), Bandhan Financial Services (Microfinance), ICICI Bank (Rural Micro Banking and Agribusiness Group), Indian Overseas Bank, Ujjivan Financial Services (Microfinance for Urban Poor), Asmitha Microfinance Ltd., NABARD Financial Services Limited (NABFINS) (Agriculture and Microfinance Services), NABARD Consultancy Services (NABCONS), PricewaterhouseCoopers (PwC) - Agriculture & Natural Resources etc. MBA - Rural Management (RM) at IIHMR University prepares you for challenging career in Rural banking, finance & consultancy for the improving the socioeconomic status of the rural population. (For course details of MBA-RM please visit IIHMR Jaipur Website) Dr. Susmit Jain Assistant Professor, IIHMR, Jaipur. E-Mail: [email protected]

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