ItemBook Chapter

Reengineering the Rural Economy by Leveraging the Use of Financial Services: A Lynchpin

Title
Reengineering the Rural Economy by Leveraging the Use of Financial Services: A Lynchpin
Creator
Kumar, Sunita; Sukanya, S.; Ghosh, Nabanita; Benedict, D. John
Description
Financial services form the bedrock of the economy, intricately woven into its fabric, exerting a profound influence on its dynamics and growth trajectory. Financial services play a momentous role in the complex web of global economies, delicately interlacing the strands of trade, capital accumulation, and risk mitigation. These services serve as an essential hub, linking people, companies, and governments in a complex web of exchanges and interactions, from the busy streets of big metropolises to the serene settings of rural villages. The chapter emphasizes the importance of financial services in promoting rural businesses by uplifting their stream of earnings by making use of emerging technologies. It also focuses on the challenges and opportunities faced by the rural population in obtaining financial assistance. The chapter also discusses the modern financial service schemes introduced so far for rural development and the suggestions for future implementation. The ways and means to mitigate shortcomings of the development of the rural business due to negligible awareness and restricted accessibility to financial services are also highlighted in the study. 2026 Jenny Stanford Publishing Pte. Ltd. All rights reserved.
Source
Rural Futures: Innovation, Resilience, and Sustainable Development;pp.381-402
Date
01-01-2026
Publisher
Jenny Stanford Publishing
Coverage
Kumar S., Department of Commerce, CHRIST (Deemed to be University), Karnataka, Bangalore, India; Sukanya S., Department of Commerce, CHRIST (Deemed to be University), Karnataka, Bangalore, India; Ghosh N., Department of Commerce, CHRIST (Deemed to be University), Karnataka, Bangalore, India; Benedict D.J., Department of Commerce, CHRIST (Deemed to be University), Karnataka, Bangalore, India
Rights
Restricted Access; Hardcopy may be available in the library
Relation
ISBN: 978-104085274-3; 978-981512993-9;
Format
online
Language
English
Type
Book chapter

Citation

Kumar, Sunita; Sukanya, S.; Ghosh, Nabanita; Benedict, D. John, “Reengineering the Rural Economy by Leveraging the Use of Financial Services: A Lynchpin,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 17, 2026, https://archives.christuniversity.in/items/show/24470.

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