Globus An International Journal of Management & IT

A Refereed Research Journal

THE DISCUSSION ON BANKING SYSTEM IN RURAL AREA THROUGH

K. Praveen Kumar*
Introduction
Cooperative banks leverage banking software with a The researchers estimate that the cost per transaction
prefixed monthly cost eliminating the need to in rural branches is Rs.100-110, higher than the Rs.
purchase the banking software or make huge 70-85 it costs per transaction in non-rural areas.
investments for setting up data centers. Cooperative However, business correspondents who operate with
banks are responsible for the infrastructure facilities hand-held devices or through small stores in rural
within their branches, head office and other service areas, enables a transaction at a 15th of the cost of a
outlets (PCs, printers, branch servers, UPS, LAN, branch.
switch, etc.) along with regular maintenance. For the
data centers and disaster recovery centers, NABARD While business correspondents are currently used
partners with technology providers including Net mainly for liability-based transactions such as
App by deploying Net App FAS storage systems as a deposits and payments related ones and contribute to
private cloud. Harnessing the power of its patented 8-13% of total liability-based rural transactions, the
Net App Data storage operating system, the FAS proportion could well touch 25-30% in the next few
storage systems simplify data management across the years.
CBS platform from the local office to the data center
to the cloud. The systems integrate the latest flash, At present, however, for most business
networking, and processor technology innovations correspondents in rural areas, this business is
while offering advanced storage and data typically a side business. “They are either grocery
management capabilities including de-duplication, shop farmers who are also members of a panchayat;
Snapshot, Snap Mirror and Snap Manager. and so, the compensation given to them by banks or
corporate business correspondents is not their only
“We cannot stress enough about the importance of source of income. Therefore it sees that the model
the core banking platform to rural cooperative banks can be sustainable even though the remuneration is
and NABARD. Through CBS we have been able to relatively lower.
reach out to India’s rural sector and through the
deployment of Net App’s solution in the project, It estimates that the number of transactions through
being implemented by leading IT vendors; we have banking correspondents will increase to 752 million
taken a step closer in achieving our goal of financial by fiscal 2018-19 up from 329 million in fiscal 2013-
inclusion in India. We are expecting that 14 as cost of transactions fall. By 2018-19, the report
implementation of CBS will also help in freeing staff says that rural banking will outpace overall business
time, allowing them to focus on serving customers growth with economies of scale bringing about a
better and winning new customers”. reduction in the overall operational costs.

According to the research, Indian banks must Education System in India – Primary Schools,
compulsorily open at least one-fourth of their Secondary Schools, Colleges and
incremental branches in rural areas. However, the Universities
high cost of operations in rural areas mean that profit In India, government sector and the private sector
from this business is hard to come by until now. The provide education. Both the union government and
research says that going ahead, as these branches the state government control the education in India.
develop economies of scale, increase use of Indian education system is divided into different
technology and use low-cost channels like banking levels such as pre-primary level, primary level,
correspondents, profits will start coming in. middle school level and high school level education,
secondary education. In Indian school education
It sees a lot of potential in technologies such as cloud system, the National Council of Educational
computing, mobile and virtualization alongside low- Research and Training (NCERT) is the apex body for
cost channels such as business correspondents who curriculum- related matters. The NCERT provides
augment business per branch in the coming months. support and technical assistance to a number of
*Research Scholar, Sunrise University, Alwar, Rajasthan
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schools in India. In India, the various curriculum iii) Sharing the knowledge about recent trends and
bodies governing school education system are: The opportunities
state government boards, in which the majority of iv) Exposure of modern world and
Indian children are enrolled; the Central Board of v) Proper guidance towards pursuing job- oriented
Secondary Education (CBSE) board; the Council for courses
the Indian School Certificate Examinations (ICSE); vi) On-demand knowledge.
All these boards have their own standards of
education. In rural and urban education, the standards In reported rural schools problems are:
are varying. Following section briefs the rural school i) Lack of money
education. ii) Lack of infrastructure
iii) Ambiguity in selecting the study materials
Rural School Education System iv) Proper direction towards learning
In India, while condition of some of the rural school v) Lack of qualified Indians in Indian education
is still improving, the financial conditions of these vi) Differing expectations of education programs
rural schools are not good. There are few schools in vii) Lack of involvement and control of educational
rural areas where students have to walk/travel far matters
away distances to avail school facilities. Some of the viii) Difficulties of students in higher education and
rural schools do not have proper infrastructure. Rural ix) Far too many instant-Indian education experts.
schools need proper and adequate education facilities.
Rural students need direction and guidance in Cloud Computing Technologies for Rural
learning. They don’t have direction to choose the Education
study, knowledge and subject materials. Rural Virtualization is a foundation for cloud computing
students are quite enthusiastic and hard working in technology. This technology provides software,
nature. If efforts are made in right direction, then hardware, infrastructure and storage as services.
drastic development can automatically happen in Cloud DSaaS and IaaS are especially suitable for
rural areas. rural application. Data Storage as a Service - A
teaching database can be established making modern
We expect, every rural and rural education network of teaching resource and digital library
system should have the following: building from where many can learn. The cloud can
i) Sufficient number of schools contain online e-books, teaching materials,
ii) Good transportation facilities to avoid children directions, courseware and various educational
walking miles to reach the schools. videos etc. Infrastructure as a service: To avail
iii) Basic amenities like drinking water and various operating systems environment, network and
iv) Advanced education storages. Many services can be provided by the
v) Computer education and computer training. school clouds system such as: online videos, course
vi) Group classes should be taken by using video material, interactive learning games, online training,
conferencing and audio conferencing presentation etc.
vii) The teachers should get facilities with tools like
laptops, printers to provide notes and other
important notices to the children
viii) Better infrastructure as sometimes children are
even made to sit on the floor due to non-
availability of furniture.
ix) Computer aided teaching.

Involving rural children in other learning activities

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