Volume : IV, Issue : VI, June - 2014

Bank Finance to Indian Farmers in Post Reform Period

Dr. J. P. Sabannavar, Dr. P. L. Harale

Abstract :

Agriculture is the largest sector of the economic activity and has a crucial role to play in country’s economic development by providing food and employment to a very large proportion of population and surplus for nation economy. Agricultural credit is one of the most crucial inputs in all agricultural development programmes. Agriculture sector plays a dominant role in the Indian economy 72 percent of the people and on the eve of planning i.e by 1950—51, the primary sector contributed 56.69 percent to the national income. However, the role of primary sector is slowly declining. This indicates the process of economic development. The share of the primary sector in the national income decline to 16.9 percent by 2010–11. Five major criteria regarding pre and post reforms are as follows a) The first criteria was taken by British Government ‘in the context of institutional credit for agriculture sector. b) The second criteria was related to cooperative movement in 1904. c) The third criteria was taken in 1969 through nationalization of banks. d) Fourth criteria was introduced in 1975 with setting up of Regional Rural Banks” e) Bank finance to farmers in post reform period 1991.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

DR. J.P.SABANNAVAR, DR. P.L.HARALE Bank Finance to Indian Farmers in Post Reform Period Indian Journal of Applied Research, Vol.IV, Issue.VI June 2014

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