Write the role of multinational companies in rural development.

Question

Accepted Answer

Economic reforms offered opportunities to multinational companies to expand their operations across the country, and many of them have entered rural marketing. They benefit farmers in the following ways:

1. They enter into contracts with farmers.

2. They encourage farmers to cultivate vegetables, fruits and other farm products of the desired quality.

3. They provide farmers with seeds and other inputs.

4. They assure procurement of the produce at pre-decided prices, which reduces the price risk of farmers and expands the market for farm products.