International Journal of Current Research and Academic Review
ISSN: 2347-3215 Volume 1 Number 4 (2013) pp. 72-80
A study on institutional credit to agriculture sector in India
Gowhar Bashir Ahangar*, Ashaq Hussain Ganie and MohdUmmer Jan Padder
Department of Economics, Bharathiar University, Coimbatore, India- 641 046
The institutional credit has been conceived to play an important role in the agricultural development of India. A large number of institutional agencies are involved in the disbursement of credit to agriculture. However, the persistence of money lenders in the rural credit market is still a major concern. In this backdrop, the present study has assess the quantum of loans issued and outstanding by institutional agencies and to examine the progress of Scheduled Commercial Banks in supplying agricultural credit in India. The relevant information was gathered through secondary data and compound growth rate were used for the analysis of data. The study reveals that the highest increase in loans issued was in the case of Scheduled Commercial Banks while the lowest was in the case of Co-operatives on the other hand the total number of account holders in scheduled commercial banks has increased from 5,841 to 30,538, whereas the amount of finance increased from 14,516 to 2,71,670 in the referred period. The total direct and indirect advances to agriculture outstanding by scheduled commercial banks shown gradual increase from 59310 crore to 583343 crores during the reference period.
Institutional agencies; Scheduled Commercial Banks; Co-operatives; Agriculture.