Agricultural Credit And Farmers' Economic Development In India – A Study
Keywords:
Agricultural Credit, Farmers, Economic Development, Institutional Credit, Farm Income, Agricultural Productivity, NABARD, Kisan Credit Card, Rural Development.Abstract
Agricultural credit is an essential machinery for improving agricultural production, farm investment, productivity, and the economic well-being of farmers in India. For the purchase of seeds, fertilizers, insecticides, machinery, irrigation equipment, animals, and other agricultural inputs, farmers need fast and reasonably priced credit. The availability of agricultural financing has increased thanks in large part to institutional sources like commercial banks, cooperative banks, regional rural banks, and NABARD. The study is based on secondary data collected from government publications, NABARD, Reserve Bank of India, Ministry of Agriculture, and relevant research studies. Agricultural credit disbursement increased from ₹8.45 lakh crore to ₹10.66 lakh crore, exceeding the targets fixed by the Government of India. Empirical research also indicates that institutional credit is associated with higher farm income and household consumption, while access to credit can contribute to agricultural productivity. The study concludes that expanding timely, affordable, and inclusive institutional credit is essential for improving farmers' economic conditions.
References
Misra, Rekha, Pallavi Chavan, & Radheshyam Verma. (2016). “Agricultural Credit in India in the 2000s: Growth, Distribution and Linkages with Productivity.” Margin: The Journal of Applied Economic Research, 10(2).
Narayanan, Sudha. (2016). “The Productivity of Agricultural Credit in India.” Agricultural Economics, 47(4), 399–409.
Kumar, Anjani, Ashok K. Mishra, Sunil Saroj, & P. K. Joshi. (2017). “Institutional versus Non-Institutional Credit to Agricultural Households in India: Evidence on Impact from a National Farmers’ Survey.” Economic Systems, 41(3), 420–432.
Tripathi, Ashutosh Kumar. (2017). “Credit for Agricultural Households in India: Growing Inequities.” Journal of Asian and African Studies, 52(6), 807–823.
Yerukala, Venkateswarlu. (2017). “Smallholder Farmers: Agricultural Credit in India Performance and Challenges.” International Research Journal of Agricultural Economics and Statistics, 8(1), 88–95.
NABARD. (2017). Annual Report 2016–17. Mumbai: National Bank for Agriculture and Rural Development.
Kumar, Anjani, et al. (2017). Evidence from national farm-household data on institutional credit, farm income, and household consumption. Economic Systems, 41(3), 420–432.
Downloads
How to Cite
Issue
Section
License
Copyright (c) 2017 International Journal of Engineering Science & Humanities
This work is licensed under a Creative Commons Attribution 4.0 International License.
