Above all, as per the Government of India announcement in 2005, it has been decided to subsidise the commercial banks and NABARD to enable provision of short-term credit at 7% interest rate to the major segment of the farmers. In brief, there have been vigorous and determined efforts towards expansion of rural credit, especially through rural banking.
Current perception of outcomes The litmus test of any effort is the outcome, and perhaps even more important, the perceptions of the outcomes. These can be summed up as follows. First, the non-institutional credit still continues as far as rural areas and agriculture sector are concerned.