Huge gap between virtual and real India: Kamal Nath
New
Delhi,
Oct
8:
Union
Commerce
and
Industry
Minister
Kamal
Nath
today
said
a
9.4
per
cent
growth
is
sustainable
only
if
it
reaches
the
rural
India
and
reduces
the
rural
indebtness.
''There is a remarkable mismatch between virtual India and rural India. The 650 million people engaged in agriculture remain disconnected with the growth,'' Mr Nath said while inaugurating the Rural Business Summit organised by industry chamber Ficci.
Suggesting that the loan disbursement by the banks were leading to repayment problems on the part of the farmers, Mr Nath stressed that the biggest challenge India is confronting today is of rural indebtness.
''With the lending operations, the banks are making money, which they should. However, the ultimate burden to repay the loans fall on the farmers,'' Mr Nath said.
UNI