Microfinance: National Bank for Agriculture and Rural End
Development (NABARD, 1999) defines microfinance as, “the provision of
Thrift, credit, and other banking services and products of a very small amount to
the poor in rural, semi-urban and urban areas so as to enable them to raise their
income levels and improve their living standard.”

Role of mandis in the agricultural marketing in India

Mandi committees are crucial towards offering just prices and better marketing facilities to farmers.

Mandis serve an important position in the agricultural marketing network in Indian context. Since mandis are the places where consumers buyers and producers sellers meet, they provide access to the market. In addition, facility for the auctioning within the mandis gives assurance that the farmers will have the right compensation for his efforts in growing crops. Simply put, a mandi is a place where activities pertaining to agriculture are undertaken.

Engaging rural dealers and other middlemen provides little opportunities for farmers to sell their crops for good prices. That is why mandis deserve a place within the ecosystem.

Five points discussed below will provide you with a tom-thumb perspective concerning the significance of mandis:

Associates to the general recognising abuse of power in the market

Consolidates the new glories of desserts and culinary Arts

Establishes adequate competitive business operation

Enable contact for farmers towards novel markets

Delivers a dynamic marketplace to connect with prospective buyers