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S. P. GARG
Dy.Gen Manager
Bank of Baroda
14th Feb07
RURAL CHALLENGES:
India Growth Story & Eleventh Five Year Plan: Special Focus on Agriculture & Rural Segment To achieve 9 % growth projections, 4 % Farm growth is a must for self sufficiency, food security and for 2nd Green Revolution Deficit Areas for development of Rural Economy 1. Investment and Credit Deficit 2. Infrastructure Deficit 3. Market Economy Deficit 4. Knowledge Deficit With new emerging areas Rural Business : sustainable and profitable business proposition
Rural Markets ( 20,000 to 50,000 population) Tier2 and Tier3 cities contribute about 40-45% of FMCG and consumer durable items. Pyramid Approach for future Development (BOP-Model)
Product Specific Target Segmentation
To SUM UP