Rural Credit

What is - and what should be - the role of rural credit in developing countries? There are two main views. The 'banking school' emphasizes the importance of financial viability of lending institutions, the removal of subsidies (including cross subsidies) and the mobilization of savings. The 'development school' emphasizes the need to steer rural credit into productive projects, and into the hands of the rural poor. The author is well equipped to steer the reader through this debate, and towards sound practical conclusions. He uses comparisons from many countries including the Indian sub-continent, the Philippines, Brazil, Cameroon, Malawi and South Korea.Padmanabhan, K. P. is the author of 'Rural Credit', published 1989 under ISBN 9780312031756 and ISBN 0312031750.