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A Study on Demonetization of Currency and Its Impact on Banking Sector

Author

Listed:
  • Dr. Hemant Yadav

    (Assistant Professor, Department of Commerce, NAS (PG) College, Meerut)

Abstract

The poverty alleviation programmes of the Ministry of Rural Development are designed to act as safety nets to the poor during the times of crisis even while addressing partly the multi dimensional poverty. A committee was constituted by the government of India for estimating poverty shows that approximately 38 percent of India's populations in poor. According to 2011 census, more than 75% of poor people are living in rural areas. Low productivity and unemployment are the main reason of rural poverty. In order to alleviate rural poverty by generating employment, government of India launched Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005. The effect of MNREGS would be positive for these farm households if the community and individual works undertaken under the scheme help in productivity enhancement of agriculture. Field evidence needs to be systematically analyzed before drawing conclusions of the programme impact. However, the programme is not free from challenges. This paper tries to highlight the challenges being faced by Mawana Block of Meerut District of UP, India as well as working of this programme.

Suggested Citation

  • Dr. Hemant Yadav, 2018. "A Study on Demonetization of Currency and Its Impact on Banking Sector," Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 13(2), pages 52-60, October.
    • Handle: RePEc:jct:journl:v:13:y:2018:i:2:p:52-60.
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    File URL: https://www.jctindia.org/index.php/jct/article/view/o18-hy
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    More about this item

    Keywords

    MGNREGA; poverty alleviation; Rural Development.;
    All these keywords.

    JEL classification:

    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics

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