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Access to Institutional Credit by Farmers in Eastern India:

Access to Institutional Credit by Farmers in Eastern India: The supply of institutional credit plays an important role in promoting agricultural growth and also saving the farmers from the clutches of private moneylenders who charge exorbitantly high rates of interest and force them to live in perpetual debt trap. There has been a phenomenal increase in the flow of institutional credit to agriculture in the recent years but this has been quite uneven between regions. As of 2018–2019, the Southern Region had the highest share (43.0 %) in the institutional credit followed by Northern Region (21.0 %), Central Region (13.6 %), Western Region (12.0 %), Eastern Region (9.0 %) and North Eastern Region (0.9 %) respectively. Despite so much talk about the need for green revolution in Eastern India, the institutional credit to agriculture in almost all the Eastern and North Eastern states has been very poor. Based on various standard criteria such as credit–deposit ratio, credit absorption capacity, level of agricultural diversification and untapped potentials for higher agricultural growth and poverty reduction, farmers in the eastern states deserve a better deal in terms of access to institutional credit. Besides, the article explodes the myth of low credit absorption of farmers in Eastern India. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Asian Development Research SAGE

Access to Institutional Credit by Farmers in Eastern India:

Haque, T.; Goyal, Ankita
Journal of Asian Development Research , Volume OnlineFirst: 1 – Aug 30, 2021
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21 pages

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Publisher
SAGE
Copyright
Copyright © 2022 by Asian Development Research Institute, Patna, unless otherwise noted. Manuscript content on this site is licensed under Creative Commons Licenses
ISSN
2633-190X
eISSN
2633-1918
DOI
10.1177/2633190x211040622
Publisher site
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Abstract

The supply of institutional credit plays an important role in promoting agricultural growth and also saving the farmers from the clutches of private moneylenders who charge exorbitantly high rates of interest and force them to live in perpetual debt trap. There has been a phenomenal increase in the flow of institutional credit to agriculture in the recent years but this has been quite uneven between regions. As of 2018–2019, the Southern Region had the highest share (43.0 %) in the institutional credit followed by Northern Region (21.0 %), Central Region (13.6 %), Western Region (12.0 %), Eastern Region (9.0 %) and North Eastern Region (0.9 %) respectively. Despite so much talk about the need for green revolution in Eastern India, the institutional credit to agriculture in almost all the Eastern and North Eastern states has been very poor. Based on various standard criteria such as credit–deposit ratio, credit absorption capacity, level of agricultural diversification and untapped potentials for higher agricultural growth and poverty reduction, farmers in the eastern states deserve a better deal in terms of access to institutional credit. Besides, the article explodes the myth of low credit absorption of farmers in Eastern India.

Journal

Journal of Asian Development Research – SAGE

Published: Aug 30, 2021

Keywords: Agriculture; institutional credit; Eastern India; small and marginal farmers; women farmers; tenant farmers

References

  • How inclusive are banks under financial & liberalisation
  • Regional and class disparities in the flow of agricultural credit in India