Neha

Credit plays a very important role as banking facilities are rarely available due to which they are dependent on informal institutions like money lenders which charge a very high rate of interest and mostly rural people are caught in the debt trap situation because of very high interest rate charged by informal institutions . If credit is easily available then it will lead to development in agriculture as well as industrial houses will also set up industries in rural areas

By rural development we mean improvement in terms of health,education, infrastructure better banking facilities etc 

key issues include poor infrastructure, poor health facilities, very low literacy ratio ,poor banking facilities as a result of which there is less development of both primary and manufacturing sector

Human capital is one of the most important factor which contributes in economic development of the country . Even if we have ample amount of resources but we do not have the required human capital its is a waste . As knowledge, skill, technical know how of the employees play a very significant  role in leading the economy towards growth and development. Many economists like Robert Lucas , AK Sen believe that investment in human capital is of utmost importance .