Volume : V, Issue : IX, September - 2015

A STUDY ON FLOW OF FARM CREDIT IN INDIA

Aishwarya Ravichandran, Vignesh K Aiyer, Nitish Raghunathan

Abstract :

– The growth of agriculture is very important to satisfy hunger and nutrition requirement. Being the primary economic activity of a nation, its growth should be coherent with the sustainable development and conservation of natural resources. This makes agriculture one of the more vulnerable sectors as the resources are limited and needs insatiable. Today, the core issue of Indian agriculture is a farmers’ distress due to lack of readily available farm credit and related problems. It is necessary that the inputs be available to the farmers at a subsidised cost, for profitable farming. The access to this credit also affects the productivity, assets and food security of the rural poor. Hence, the well–being of our farmers should be central focus of the government. The government is aiming to ing all the farming households under the zone of complete financial inclusion. This paper focuses on institutional credit arrangements, government initiatives through various schemes, comparison of direct and indirect farm credit in various states and ‘Situation Assessment Survey of Farmers’ by NSSO. The statistics obtained from the agricultural sector form the major backbone of formulating various policies. Such statistical data has been put to various degree of planning .But the availability of statistics on diverse agrarian aspects has become very challenging. The statistical data acquired attenuates disparities between two farming families while it may not be so.This elicits the need of a more caliated and systematic approach for a better policy making. The main cause of decline in agricultural development is farmers’ indebtedness which has been extensively addressed by the expert groups.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Aishwarya Ravichandran, Vignesh K Aiyer, Nitish Raghunathan A Study on Flow of Farm Credit in India Indian Journal of Applied Research, Vol.5, Issue : 9 September 2015

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