India has connected majority of its villages with payphones, and the market is poised for a major boom in the years ahead. The villages will become part of the national mainstream giving better access to agricultural markets and fetching better prices for the farmers. So far, around 88 million phones have been provided in the rural areas with a tele-density of around 11 per cent.
The poor finds it difficult to access financial services through the formal sector because of the cumbersome procedure of a formal institution. They do not have any collateral to secure a loan, though they have small savings and they resort to the informal sector which includes the money lenders to meet their credit needs.
The conventional method of farming using pesticides and fertilizers is beginning to peak out. Scientists are of the belief that a large scale shift to organic farming would bring better results and not reduce the supply of food grains which is the apprehension among few scientists.
