The Rural Development in India has been realised as one of the most important factors for the growth of the rural economy. As majority of the population, around 65% of the people, live in rural areas, the prime goal of rural development is to enhance the wellbeing of common masses and their socio-economic empowerment by alleviating poverty through the instrument of employment programmes, by providing basic social services to the rural people specially education, health facilities, safe drinking water, electricity, road connectivity, rural housing, etc. India has the largest rural population in the world. Sixty-nine per cent of Indian population, i.e. 833 million people, lives in rural areas. The population of rural India is about 12% of the world population, which makes it bigger than the size of Europe. Most of the rural people remain engaged in farm related activities. This paper tries to discusses the various institutions and organisations other than the market that can accelerate the pace of rural development by achieving a proper resource allocation and maximum social welfare.