Rural Finance
Rural finance refers to the financial services provided to individuals and businesses in rural areas. This includes access to credit, savings accounts, insurance, and investment opportunities. The goal is to support agricultural activities, small enterprises, and improve the overall economic conditions in these communities.
Access to rural finance is crucial for farmers and small business owners, as it enables them to invest in equipment, seeds, and livestock. It also helps them manage risks associated with unpredictable weather and market fluctuations. By improving financial inclusion, rural finance contributes to poverty reduction and sustainable development in rural regions.